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The factors we have listed (innovation, economies of scale, education, capital accumulation, etc.) are not causes of growth; they are growth.

— Douglass North

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Education

More quotes by Douglass North

Effective institutions raise the benefits of cooperative solutions or the costs of defection, to use game theoretic terms.

Institutions (1990)

Institutions are the humanly devised constraints that structure political, economic, and social interactions. They consist of both informal constraints (sanctions, taboos, customs, tradition, and code of conduct) and formal rules (constitutions, laws, property rights).

Institutions (1990)

Specialization in this world is rudimentary and self-sufficiency characterizes most individual households

Institutions (1990)

Its objectives to suggest new paths for the study of European economic history rather than fit either of these standard formats. It is more than anything an agenda for new research.

International specialization and division of labor requires institutions and organizations to safeguard property rights across international boundaries so that capital markets as well as other kinds of exchange can take place with credible commitment on the part of the players.

Institutions (1990)

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You have to start with the truth. The truth is the only way that we can get anywhere. Because any decision-making that is based upon lies or ignorance can't lead to a good conclusion.

Julian Assange

All religions, arts and sciences are branches of the same tree. All these aspirations are directed toward ennobling man's life, lifting it from the sphere of mere physical existence and leading the individual towards freedom.

Albert Einstein Moral Decay (1937)

The greater part of humanity is too much harassed and fatigued by the struggle with want, to rally itself for a new and sterner struggle with error.

Friedrich Schiller On the Aesthetic Education of Man (1794)

Men are born ignorant, not stupid; they are made stupid by education.

Bertrand Russell

Attribution

Quote text and notes from Wikiquote: Douglass North (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.