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Creative destruction Quote by Daron Acemoğlu

“There could be some economic growth without innovation, relying on existing technology, but it was growth without creative destruction. And it did not last.” quote by Daron Acemoğlu
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““There could be some economic growth without innovation, relying on existing technology, but it was growth without creative destruction. And it did not last.””

Daron Acemoğlu

About This Quote

Source Book: Introduction to Modern Economic Growth, 2009

Growth without new ideas is temporary and unsustainable; innovation drives lasting progress.

In simple terms: Innovation is needed for lasting growth.

Key Takeaway

Invest in creative disruption.

Themes

economics innovation growth

Mood

thoughtful inquisitive

Type

analytical strategic

When to use this quote

  • business strategy
  • government policy
  • R&D investment

Key Concepts

creative destruction technology adoption

Questions to Reflect On

  • What risks accompany rapid innovation?
  • How to balance stability and change?
A Different Perspective

Innovation may cause short‑term disruption.

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