Showing posts with label Daron Acemoğlu. Show all posts
Showing posts with label Daron Acemoğlu. Show all posts

"Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It is the political process that determines what economic institutions people live under, and it is the political institutions that determine how this process works." - Daron Acemoğlu

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"Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It is the political process that determines what economic institutions people live under, and it is the political institutions that determine how this process works." - Daron Acemoğlu
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