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Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
Rs. 5,390.00
Simon Johnson & Daron Acemoglu
The bestselling co-author of Why Nations Fail and the bestselling co-author of 13 Bankers delivers 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. 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 the path of technology was once—and may again—be brought under control. Cutting-edge technological advances can become empowering and democratizing tools, but not if all major decisions remain in the hands of a few hubristic tech leaders.
Only 3 left in stock
About the Author
SIMON JOHNSON is the Ronald A. Kurtz Professor of Entrepreneurship at the Sloan School at MIT, where he is also head of the Global Economics and Management group. Previously chief economist at the International Monetary Fund, he has worked on global economic crises and recoveries for thirty years. Johnson has published more than 300 high-impact pieces in leading publications such as the New York Times, Washington Post, Wall Street Journal, Atlantic, and Financial Times. He is the co-author (with Jonathan Gruber) of Jump-Starting America, and (with James Kwak) of White House Burning and the national bestseller 13 Bankers. He works with entrepreneurs, elected officials, and civil society organizations around the world.
DARON ACEMOGLU is an Institute Professor of Economics at MIT, researching the historical origins of prosperity, poverty, and the effects of new technologies on economic growth, employment, and inequality. He is the recipient of several awards and honours, including the John Bates Clark Medal, awarded to economists under forty judged to have made the most significant contribution to economic thought and knowledge (2005); the BBVA Frontiers of Knowledge Award in economics, finance, and management for his lifetime contributions (2016), and the Kiel Institute’s Global Economy Prize in economics (2019). He is the co-author (with James Robinson) of The Narrow Corridor and the New York Times bestseller Why Nations Fail.
Book Specifications
Binding: Paperback
Pages: 560
Published Year: 2023
Publisher: Basic Books
ISBN: 978-1399804462
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