Believed Quote by Subramanian Swamy
“The world view of economic development has completely changed: it is no longer believed to be driven by human labour, as Karl Marx said, or by capital, as Alfred Marshall stated, but is knowledge-driven.”
About This Quote
Economic development is now seen as driven by knowledge rather than labor or capital.
In simple terms: Knowledge, not labor or capital, drives modern economies.
Invest in learning and innovation.
Themes
Mood
Type
When to use this quote
- policy making
- education reform
- business strategy
Key Concepts
Questions to Reflect On
- How can societies shift to knowledge‑based growth?
- What barriers exist for knowledge diffusion?
Transition may be uneven across regions.