Daron Acemoğlu Quote
Poor countries are poor because those who have power make choices that create poverty. They get it wrong not by mistake or ignorance but on purpose. To understand this, you have to go beyond economics and expert advice on the best thing to do and, instead, study how decisions actually get made, who gets to make them, and why those people decide to do what they do. This is the study of politics and political processes. Traditionally economics has ignored politics, but understanding politics is crucial for explaining world inequality.
Daron Acemoğlu
Poor countries are poor because those who have power make choices that create poverty. They get it wrong not by mistake or ignorance but on purpose. To understand this, you have to go beyond economics and expert advice on the best thing to do and, instead, study how decisions actually get made, who gets to make them, and why those people decide to do what they do. This is the study of politics and political processes. Traditionally economics has ignored politics, but understanding politics is crucial for explaining world inequality.
Related Quotes
For everything in this journey of life we are on, there is a right wing and a left wing: for the wing of love there is anger; for the wing of destiny there is fear; for the wing of pain there is heali...
C. JoyBell C.
Tags:
inspirational, life, truth, wisdom, people, humanity, inspirational life, life and living, inspiring, living