Our Thousand-Year Struggle over Technology and Prosperity
How is technology reshaping our society, and what can we do to make sure these changes are positive for more than a minority?
Simon Johnson discusses #PowerAndProgress, a new book co-authored with Daron Acemoglu.
Find a copy & learn more: https://shapingwork.mit.edu/power-and-progress/
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 that the path of technology was once—and may again be—brought under control. The tremendous computing advances of the last half century can become empowering and democratizing tools, but not if all major decisions remain in the hands of a few hubristic tech leaders.
With their breakthrough economic theory and manifesto for a better society, Acemoglu and Johnson provide the vision needed to reshape how we innovate and who really gains from technological advances.
@mit @MITSloan @miteconomicsdepartment6806
Видео Our Thousand-Year Struggle over Technology and Prosperity канала New Economic Thinking
Simon Johnson discusses #PowerAndProgress, a new book co-authored with Daron Acemoglu.
Find a copy & learn more: https://shapingwork.mit.edu/power-and-progress/
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 that the path of technology was once—and may again be—brought under control. The tremendous computing advances of the last half century can become empowering and democratizing tools, but not if all major decisions remain in the hands of a few hubristic tech leaders.
With their breakthrough economic theory and manifesto for a better society, Acemoglu and Johnson provide the vision needed to reshape how we innovate and who really gains from technological advances.
@mit @MITSloan @miteconomicsdepartment6806
Видео Our Thousand-Year Struggle over Technology and Prosperity канала New Economic Thinking
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Kevin O'Rourke: Ireland and the European Debt MuddleMicrofinance & Austerity: No Womens' Empowerment without Community InvolvementDavid Cay Johnston: Governmental CaptureSarah Quinn: Federal Credit Programs and the Birth of Lemon SocialismYuning Gao: The Future of China and the RMB - A Historical PerspectiveBretton Woods, Past and Present: 2. Progress in EconomicsThe Digital Revolution and the State | #7 | Venture Capital in the 21st CenturyCopy of How the Federal Reserve's QE Has Contributed to InequalityJean Pisani-Ferry: The Challenges of Europe's Monetary UnionSheila Dow - Why Economists Think How They ThinkBretton Woods, Past and Present: 4. The Teaching of EconomicsIdentity Norms and NarrativesAlexander Field: The Depression Era R&D Explosion (3/4)Yide Qiao: Reminbi Liberalization and China's Economic ChallengesJohn Mauldin - What Next?: Attitudes About the Economic Future 4/5Challenging Top Economists as Corrupt: Part 3 of INET's Interview with Charles FergusonJohn Davis - How to Avoid Herding in ResearchBretton Woods, Past and Present: 3. Models in EconomicsKevin Gallagher: Emerging Markets and the Reregulation of Cross-Border FinanceOn Developing a Vision for a Better SocietyKatharina Pistor: Creating A Legal Foundation For Finance