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Product Identifiers
PublisherPublic Affairs
ISBN-101541702530
ISBN-139781541702530
eBay Product ID (ePID)13057266019
Product Key Features
Book TitlePower and Progress : Our Thousand-Year Struggle over Technology and Prosperity
Number of Pages560 Pages
LanguageEnglish
TopicPolitical Economy, General, Economic Conditions, History
Publication Year2023
IllustratorYes
GenrePolitical Science, Technology & Engineering, Business & Economics
AuthorDaron Acemoglu, Simon Johnson
FormatHardcover
Dimensions
Item Height2 in
Item Weight29.7 Oz
Item Length9.6 in
Item Width6.4 in
Additional Product Features
Intended AudienceTrade
LCCN2022-059230
Reviews"Important... formidable...This book arrives at an opportune moment, when digital technology, currently surfing on a wave of irrational exuberance about ubiquitous AI, is booming, while the idea of shared prosperity has seemingly become a wistful pipe dream."-- John Naughton, The Observer, "A necessary corrective... They may not be techno-optimists, but their closing message is a hopeful one: humanity has done this before, and we can do it again... Power and Progress is no neo-luddite screed. It recognises the contribution technological advances can make towards shared prosperity, but it is a strident techno-realist takedown of the dominant narrative of its inevitability and a call to arms to make it a reality."-- Irish Times, "Innovation is undeniably a cool thing. Because of it, we survive diseases that regularly used to kill us. We can access and process unimaginable amounts of information. Without new technologies we would never meet the challenge to decarbonize the economy and contain climate change. But as Acemoglu and his MIT colleague Simon Johnson point out in their forthcoming book, Power and Progress (due out in May), contemporary evidence and the long story of humanity's technological development confirm 'there is nothing automatic about new technologies bringing widespread prosperity. Whether they do or not is an economic, social, and political choice.'"-- Eduardo Porter, Bloomberg
SynopsisAwarded the 2024 Nobel Prize in Economics, Daron Acemoglu and Simon Johnson overturn conventional wisdom about how economies work--revealing the untold story of who wins and who loses the rewards of prosperity--in a work that fundamentally transforms how we look at and understand the world. Throughout history, technological change -- whether it takes the form of agricultural improvements in the Middle Ages, the Industrial Revolution, or today's artificial intelligence -- has been viewed as a main driver of prosperity, working in the public interest. The reality, though, is that technology is shaped by what powerful people want and believe, generating riches, social respect, cultural prominence, and further political voice for those already powerful. For most of the rest of us, there is the illusion of progress. Daron Acemoglu and Simon Johnson debunk modern techno-optimism through a dazzling, original account of how technological choices have changed the course of history. From vivid stories of how the economic surplus of the Middle Ages was appropriated by an ecclesiastical elite to build cathedrals while the peasants starved, to the making of vast fortunes from digital technologies today as millions are pushed towards poverty, we see how the path of technology is determined and who influences its trajectory. To achieve the true potential of innovation, we need to ensure technology is creating new jobs and opportunities rather than marginalizing most people, through automated work and political passivity. We need to use the tremendous digital advances of the last half century to create useful and empowering tools, and seize back control from a small elite of hubristic, messianic tech leaders pursuing their own interests. With their breakthrough economic theory and manifesto for building a better society, Acemoglu and Johnson provide the understanding and vision to reimagine and reshape the path of technology and create true shared prosperity.
LC Classification NumberT14.5.A29 2023
