Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity by Daron Acemoglu, Simon Johnson, Daron Acemoglu, Simon Johnson

Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
Daron Acemoglu, Simon Johnson, Daron Acemoglu, Simon Johnson
Page: 560
Format: pdf, ePub, mobi, fb2
ISBN: 9781541702530
Publisher: PublicAffairs
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The bestselling co-author of Why Nations Fail and the bestselling co-author of 13 Bankers deliver a bold reinterpretation of economics and history that will fundamentally change how you see the world
  
 A thousand years of history and contemporary evidence make one thing clear. Progress depends on the choices we make about technology. New ways of organizing production and communication can either serve the narrow interests of an elite or become the foundation for widespread prosperity.
  
 The wealth generated by technological improvements in agriculture during the European Middle Ages was captured by the nobility and used to build grand cathedrals while peasants remained on the edge of starvation. The first hundred years of industrialization in England delivered stagnant incomes for working people. And throughout the world today, digital technologies and artificial intelligence undermine jobs and democracy through excessive automation, massive data collection, and intrusive surveillance.
  
 It doesn’t have to be this way. Power and Progress demonstrates that the path of technology was once—and may again be—brought under control. The tremendous computing advances of the last half century can become empowering and democratizing tools, but not if all major decisions remain in the hands of a few hubristic tech leaders.
  
 With their breakthrough economic theory and manifesto for a better society, Acemoglu and Johnson provide the vision needed to reshape how we innovate and who really gains from technological advances.

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        For the last twenty-five years, he has been researching the historical origins of prosperity, poverty, and the effects of new technologies on economic growth, 
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        Drawing on both historical examples and a deep dive into the ways in which artificial intelligence and social media depress wages and undermine democracy, 
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        His newest book, Power and Progress: Our Thousand Year Struggle Over Technology and Prosperity (with Simon Johnson; Public Affairs), 
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        Power and Progress demonstrates that the path of technology was once—and may again be—brought under control. The tremendous computing advances of the last half 
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