Economic growth Quote by Simon Kuznets
“Mass application of technological innovations, which constitutes much of the distinctive substance of modern economic growth, is closely connected with the further progress of science, in its turn the basis for additional advance in technology.”
About This Quote
Source Book: National Income and Its Composition, 1934
Economic growth depends on the cycle between scientific progress and technological innovation.
In simple terms: Science drives tech, which fuels growth.
Key Takeaway
Invest in research to sustain growth.
Themes
economics
innovation
growth
science
technology
Mood
analytical
optimistic
Type
economic
policy
When to use this quote
- policy making
- R&D investment
- industry strategy
- education reform
- entrepreneurship
Key Concepts
technological diffusion
economic development
knowledge spillovers
Questions to Reflect On
- How can societies ensure tech benefits all?
- What policies best link science to economic growth?
A Different Perspective
Innovation alone cannot guarantee equitable benefits without inclusive policies.
