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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.” quote by Subramanian Swamy
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“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.”

Subramanian Swamy

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.

Key Takeaway

Invest in learning and innovation.

Themes

economics knowledge economy development

Mood

analytical forward‑looking

Type

explanatory strategic

When to use this quote

  • policy making
  • education reform
  • business strategy

Key Concepts

human capital innovation ecosystems

Questions to Reflect On

  • How can societies shift to knowledge‑based growth?
  • What barriers exist for knowledge diffusion?
A Different Perspective

Transition may be uneven across regions.

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