Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

by Daron Acemoglu and Simon Johnson
@DAcemogluMIT | @baselinescene

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 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.

With their bold reinterpretation of economics and history, Daron Acemoglu and Simon Johnson fundamentally change how we see the world, providing the vision needed to redirect innovation so it again benefits most people.

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Interview with the Author

EconTalk
Daron Acemoglu on Innovation and Shared Prosperity
7/31/23 66 min

Capitalisn’t
Is Technological Progress Good For Everyone? With Daron Acemoglu
5/18/23 52 min

The Neoliberal Podcast
Who Controls our Technology? ft. Daron Acemoğlu & Simon Johnson
6/12/23 58 min

Pitchfork Economics with Nick Hanauer
Power, progress, and technology (with Daron Acemoglu)
8/22/23 53 min

New Books Network
Daron Acemoglu and Simon Johnson, “Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity” (PublicAffairs, 2023)
5/7/23 46 min