(?)
Quotes are added by the Goodreads community and are not verified by Goodreads. (Learn more)
Daron Acemoğlu

“Central planning was just not good at replacing what the great eighteenth-century economist Adam Smith called the “invisible hand” of the market. When the plan was formulated in tons of steel sheet, the sheet was made too heavy. When it was formulated in terms of area of steel sheet, the sheet was made too thin. When the plan for chandeliers was made in tons, they were so heavy, they could hardly hang from ceilings.”

Daron Acemoğlu, Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Read more quotes from Daron Acemoğlu


Share this quote:
Share on Twitter

Friends Who Liked This Quote

To see what your friends thought of this quote, please sign up!

1 like
All Members Who Liked This Quote



This Quote Is From

Why Nations Fail: The Origins of Power, Prosperity, and Poverty Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoğlu
60,100 ratings, average rating, 5,608 reviews
Open Preview

Browse By Tag