New technologies are sold as a net benefit to society as a whole, but the truth is that technological progress is only loosely correlated to the improved welfare of the majority of citizens. This is not to say that technology and innovation are bad\u2014we\u2019re big supporters of both\u2014but when tech CEOs hold all the power to make decisions that affect all of us, that becomes a problem. For a long time, technology has been used by the rich and powerful to further enrich themselves and consolidate their own power. Is there a way to ensure that everyone benefits from innovation\u2014not just the wealthy few?\u00a0Returning guest Daron Acemoglu shares insight from his new book on the subject, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity.<\/p>\n
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Daron Acemoglu\u00a0is the Institute Professor of Economics at MIT, the university\u2019s highest faculty honor. For the last twenty-five years, he has been researching the historical origins of prosperity, poverty, and the effects of new technologies on economic growth, employment, and inequality. He is an author (with James Robinson) of\u00a0The Narrow Corridor<\/em>\u00a0and the\u00a0New York Times<\/em>\u00a0bestseller\u00a0Why Nations Fail.<\/em><\/p>\n <\/p>\n Twitter:\u00a0@NarrowCorridor<\/a><\/p>\n <\/p>\n Power and Progress\u00a0https:\/\/www.hachettebookgroup.com\/titles\/daron-acemoglu\/power-and-progress\/9781541702530<\/a><\/p>\n <\/p>\n Website:\u00a0http:\/\/pitchforkeconomics.com<\/a><\/p>\n Twitter:\u00a0@PitchforkEcon<\/a><\/p>\n Instagram:\u00a0@pitchforkeconomics<\/a><\/p>\n