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Power and progress : our thousand-year struggle over technology and prosperity / Daron Acemoglu and Simon Johnson.

Acemoglu, Daron, (author.). Johnson, Simon, 1963- (author.).

"Two bestselling authors 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"-- Provided by publisher.
Artificial intelligence and other innovative technologies won't guarantee a rising standard of living for workers, according to this lucid manifesto. MIT economists Acemoglu and Johnson explore historical instances of new technology failing to pay off for workers: improved agricultural practices and equipment in medieval Europe conferred few benefits on peasants while lords and churchmen expropriated the increased output; the first century of the Industrial Revolution brought no income gain to laborers; recent advances in digital technology have yielded stagnant working-class wages while tech moguls make fortunes. But another path of broadly shared prosperity is possible, the authors contend, citing the post-WWII era when strong unions, government regulations, and relatively enlightened corporate management ensured that workplace automation, rather than de-skilling and discarding workers, improved their marginal productivity and wages and created plenty of higher-skilled jobs. Acemoglu and Johnson give an incisive analysis of the economics of labor and technology, along with a trenchant critique of the "techno-optimism" of corporate visionaries, though their own ideas about what a truly worker-friendly artificial intelligence might look like remain hazy. Still, this is a stimulating call for social and political action to ensure the rising tide of innovation lifts all boats.

Record details

  • ISBN: 9781541702530
  • ISBN: 1541702530
  • Physical Description: vii, 546 pages, 16 unnumbered pages of plates : illustrations ; 25 cm
  • Edition: First edition.
  • Publisher: New York : PublicAffairs, 2023.

Content descriptions

Bibliography, etc. Note:
Includes bibliographical references (pages 475-516) and index.
Formatted Contents Note:
Prologue: What is progress? -- Control over technology -- Canal vision -- Power to persuade -- Cultivating misery -- A middling sort of revolution -- Casualties of progress -- The contested path -- Digital damage -- Artificial struggle -- Democracy breaks -- Redirecting technology.
Subject: Technology > Social aspects.
Technology > Economic aspects.

Available copies

  • 0 of 1 copy available at Lehigh Valley Library System. (Show)
  • 0 of 1 copy available at Bethlehem Area Public Library System.


  • 0 current holds with 1 total copy.
Show Only Available Copies
Location Call Number / Copy Notes Barcode Shelving Location Status Due Date
Bethlehem Main Library 303.483 (Text) 33062009765810 New Adult Nonfiction Checked Out 10/21/2023

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