“ As we will see many times in this book, economies based on the repression of labor and systems such as slavery and serfdom are notoriously noninnovative. This is true from the ancient world to the mod… Daron Acemoğlu
“ As such, the usual pattern of interaction between a critical juncture and existing institutional differences leading to further institutional and economic divergence played out again in the nineteenth… Daron Acemoğlu
“ This King, one Bogotá, was so terrified that, in his anxiety to free himself from the clutches of his tormentors, he consented to the demand that he fill an entire house with gold and hand it over; to… Daron Acemoğlu
“ Political power was thus widely dispersed in Somali society, almost pluralistically. But without the authority of a centralized state to enforce order, let alone property rights, this led not to inclu… Daron Acemoğlu
“ Economic growth and technological change are accompanied by what the great economist Joseph Schumpeter called creative destruction. They replace the old with the new. New sectors attract resources awa… Daron Acemoğlu
“ Congo, vividly illustrates how political institutions determine economic institutions and, through these, the economic incentives and the scope for economic growth. Daron Acemoğlu
“ But if out of every dollar given to aid, ten cents makes it to the poorest people in the world, that is ten cents more than they had before to alleviate the most abject poverty, and it might still be… Daron Acemoğlu
“ As we will show, 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. Daron Acemoğlu
“ As the United States began to experience the Industrial Revolution in the first half of the nineteenth century, Mexico got poorer. Daron Acemoğlu
“ In fact, Egypt is poor precisely because it has been ruled by a narrow elite that have organized society for their own benefit at the expense of the vast mass of people. Daron Acemoğlu
