Description
By (author) Johnson Simon; By (author) Acemoglu Daron
Short /annotation:
A bold new interpretation of why technology has all too often benefited elites – and how we must reshape the path of innovation to create true shared prosperity.
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WINNERS OF THE 2024 NOBEL PRIZE FOR ECONOMICS
LONGLISTED FOR THE BAILLIE GIFFORD PRIZE
LONGLISTED FOR THE FINANCIAL TIMES AND SCHRODERS BUSINESS BOOK OF THE YEAR
SHORTLISTED FOR THE LIONEL GELBER PRIZE
A FINANCIAL TIMES TECHNOLOGY BOOK OF THE YEAR
UPDATED WITH A NEW PREFACE
”The blueprint we need for the challenges ahead” Shoshana Zuboff
”If you are not already an addict of Daron Acemoglu and Simon Johnson”s previous books, Power and Progress is guaranteed to make you one” Jared Diamond
”A breathtaking tour of the history and future of technology” Abhijit Banerjee and Esther Duflo
A bold new interpretation of why technology benefits the elites – and how we must reshape the path of innovation to create true shared prosperity.
A thousand years of history make one thing clear: progress is not automatic but depends on the choices we make. Much of the wealth generated by agricultural advances during the Middle Ages was captured by the Church while the peasants starved. The first hundred years of industrialization delivered stagnant incomes for workers, while making a few people rich. Throughout the world today, digital technologies and artificial intelligence increase inequality and undermine democracy. It doesn”t have to be this way.
Power and Progress demonstrates that the path of technology was once – and can again be – brought under control.With their breakthrough economic theory and manifesto for a better society, Acemoglu and Johnson provide the vision to reshape how we innovate so we can create real prosperity for all.
Daron Acemoglu and Simon Johnson were awarded the Nobel Prize in Economic Sciences on 14 October 2024.
Review quote:
If you are not already an addict of Daron Acemoglu and Simon Johnson”s previous books, Power and Progress is guaranteed to make you one. It offers their addictive hallmarks: sparkling writing and a big question that affects our lives . . . Read, enjoy, and then choose your lifestyle!
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In this brilliant, sweeping review of technological change past and present, Acemoglu and Johnson mean to grab us by the shoulders and shake us awake before today”s winner-take-all technologies impose more violence on global society and the democratic prospect. This vital book is a necessary antidote to the poisonous rhetoric of tech inevitability . . . Power and Progress is the blueprint we need for the challenges ahead
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One powerful thread runs through this breathtaking tour of the history and future of technology, from the Neolithic agricultural revolution to the ascent of artificial intelligence: Technology is not destiny, nothing is pre-ordained . . . In this age of relentless automation and seemingly unstoppable consolidation of power and wealth, Power and Progress is an essential reminder that we can, and must, take back control
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A sweeping history of more than a thousand years of technical change . . . An important book that is long overdue
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A book you must read: compelling, beautifully written, and tightly argued, it addresses a crucially important problem with powerful solutions
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Acemoglu and Johnson would like a word with the mighty tech lords before they turn over the entire world economy to artificial intelligence
. The lesson of economic history is technological advances such as AI won”t automaticall
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