Power and Progress
Our Thousand-Year Struggle over Technology and Prosperity
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Narrated by:
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Malcolm Hillgartner
About this listen
Awarded the 2024 Nobel Prize in Economics, Daron Acemoglu and Simon Johnson 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.
Throughout history, technological change — whether it takes the form of agricultural improvements in the Middle Ages, the Industrial Revolution, or today’s artificial intelligence — has been viewed as a main driver of prosperity, working in the public interest. The reality, though, is that technology is shaped by what powerful people want and believe, generating riches, social respect, cultural prominence, and further political voice for those already powerful. For most of the rest of us, there is the illusion of progress.
Daron Acemoglu and Simon Johnson debunk modern techno-optimism through a dazzling, original account of how technological choices have changed the course of history. From vivid stories of how the economic surplus of the Middle Ages was appropriated by an ecclesiastical elite to build cathedrals while the peasants starved, to the making of vast fortunes from digital technologies today as millions are pushed towards poverty, we see how the path of technology is determined and who influences its trajectory.
To achieve the true potential of innovation, we need to ensure technology is creating new jobs and opportunities rather than marginalizing most people, through automated work and political passivity. We need to use the tremendous digital advances of the last half century to create useful and empowering tools, and seize back control from a small elite of hubristic, messianic tech leaders pursuing
their own interests.
With their breakthrough economic theory and manifesto for building a better society, Acemoglu and Johnson provide the understanding and vision to reimagine and reshape the path of technology and create true shared prosperity.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2023 Daron Acemoglu and Simon Johnson (P)2023 PublicAffairsListeners also enjoyed...
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- By: Eric A. Posner, E. Glen Weyl
- Narrated by: James Conlan
- Length: 9 hrs and 7 mins
- Unabridged
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Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking - and pretty much all conventional thinking about markets, both for and against - on its head. The book reveals bold new ways to organize markets for the good of everyone.
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Terrible Reader ruins this book
- By Brian W. Veit on 10-30-18
By: Eric A. Posner, and others
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The Prosperity Paradox
- How Innovation Can Lift Nations out of Poverty
- By: Clayton M. Christensen, Efosa Ojomo, Karen Dillon
- Narrated by: Mike Chamberlain
- Length: 9 hrs and 37 mins
- Unabridged
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Clayton M. Christensen, the author of such business classics as The Innovator’s Dilemma and the New York Times best-seller How Will You Measure Your Life, and coauthors Efosa Ojomo and Karen Dillon reveal why so many investments in economic development fail to generate sustainable prosperity and offers a groundbreaking solution for true and lasting change.
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Simplistic, lack of insights
- By D. Cameron on 05-24-21
By: Clayton M. Christensen, and others
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The Mystery of Capital
- Why Capitalism Triumphs in the West and Fails Everywhere Else
- By: Hernando de Soto
- Narrated by: Bob Souer
- Length: 6 hrs and 52 mins
- Unabridged
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"The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail?
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Good global perspective on Capitalism
- By Nellie boi on 05-29-21
By: Hernando de Soto
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The Third Industrial Revolution
- How Lateral Power Is Transforming Energy, the Economy, and the World
- By: Jeremy Rifkin
- Narrated by: Kevin Foley
- Length: 12 hrs and 23 mins
- Unabridged
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Author Jeremy Rifkin presents an insider's account of the next great economic era: the Third Industrial Revolution, when a new ethic of sustainability will revolutionize the world we live in.
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Lamenting "The Third Industrial Revolution"
- By Joshua Kim on 05-01-12
By: Jeremy Rifkin
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The Entrepreneurial State
- Debunking Public vs. Private Sector Myths
- By: Mariana Mazzucato
- Narrated by: Callie Beaulieu
- Length: 9 hrs and 33 mins
- Unabridged
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In this sharp and controversial international best seller, an award-winning economist debunks the pervasive myth that the government is sluggish and inept, and at odds with a dynamic private sector. She reveals in detailed case studies that the opposite is true: The state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation.
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Myth Breaker-a new model for innovation
- By Carl A. Gallozzi on 12-12-20
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China's Economy
- What Everyone Needs to Know®
- By: Arthur R. Kroeber
- Narrated by: Paul Heitsch
- Length: 11 hrs and 31 mins
- Unabridged
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China's Economy: What Everyone Needs to Know® is a concise introduction to the most astonishing economic growth story of the last three decades. In the 1980s, China was an impoverished backwater, struggling to escape the political turmoil and economic mismanagement of the Mao era. Today it is the world's second biggest economy, the largest manufacturing and trading nation, the consumer of half the world's steel and coal, the biggest source of international tourists, and one of the most influential investors in developing countries from southeast Asia to Africa to Latin America.
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An interesting insight
- By Cole Peters on 11-28-18
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System Error
- Where Big Tech Went Wrong and How We Can Reboot
- By: Rob Reich, Mehran Sahami, Jeremy M. Weinstein
- Narrated by: Kaleo Griffith
- Length: 11 hrs and 28 mins
- Unabridged
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In no more than the blink of an eye, a naïve optimism about technology’s liberating potential has given way to a dystopian obsession with biased algorithms, surveillance capitalism, and job-displacing robots. System Error exposes the root of our current predicament - how big tech’s relentless focus on optimization is driving a future that reinforces discrimination, erodes privacy, displaces workers, and pollutes the information we get- and outlines steps we can take to change course, renew our democracy, and save ourselves.
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Excellent on tech. Weak on political speech.
- By Kindle Customer on 11-05-21
By: Rob Reich, and others
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The New Geography of Jobs
- By: Enrico Moretti
- Narrated by: Sean Pratt
- Length: 8 hrs and 32 mins
- Unabridged
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Today, there are three Americas. At one extreme are the brain hubs with workers who are among the most productive, creative, and best-paid on the planet. At the other extreme are former manufacturing capitals that are rapidly losing jobs and residents. The rest of America could go either way. For the past 30 years, the three Americas have been growing apart at an accelerating rate. This divergence is one the most important developments in the history of the US and is reshaping the very fabric of our society. But the winners and losers aren't necessarily who you'd expect.
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Almost Stopped Listening
- By R. Hartley on 03-29-19
By: Enrico Moretti
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The Fourth Industrial Revolution
- By: Klaus Schwab
- Narrated by: Nicholas Guy Smith
- Length: 5 hrs and 32 mins
- Unabridged
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World-renowned economist Klaus Schwab, founder and executive chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work.
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Friendly reminding : On August 15th, 1971, the dec
- By steve white on 03-24-21
By: Klaus Schwab
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The Socialist Temptation
- By: Iain Murray
- Narrated by: James Langton
- Length: 6 hrs and 13 mins
- Unabridged
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Just 30 years ago, socialism seemed utterly discredited. An economic, moral, and political failure, socialism had rightly been thrown on the ash heap of history after the fall of the Berlin Wall. Unfortunately, bad ideas never truly go away — and socialism has come back with a vengeance. A generation of young people who don’t remember the misery that socialism inflicted on Russia and Eastern Europe is embracing it all over again.
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Full Of Important Insights
- By Ralph Alderson on 12-17-20
By: Iain Murray
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In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.
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audio is not The best format for a book like this
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Common Wealth
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Very good book!
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Nice and insightful
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Alan Blinder, one of the world's most influential economists and one of the field's best writers, draws on his deep firsthand experience to provide an authoritative account of sixty years of monetary and fiscal policy in the United States. Spanning twelve presidents, from John F. Kennedy to Joe Biden, and eight Federal Reserve chairs, from William McChesney Martin to Jerome Powell, this is an insider's story of macroeconomic policy that hasn't been told before—one that is a pleasure to listen to, and as interesting as it is important.
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Listen for Nixon's Sake
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What listeners say about Power and Progress
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- Wade A. Oliver
- 10-14-24
Worth your time
Great read…and these two just won the Nobel Prize in economics so certainly worth your time
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- Rob Riester
- 08-10-24
Recommended but..
Great book. I definitely would recommend. Only issue is that the second half was like propaganda for the Democratic Party. The authors fail to mention any of the benefits tech has provided- only the negatives
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- Ricardo Ernst
- 07-23-23
A different take on Technology’s impact
In the style of Acemoglu an interesting view of the role of technology on the progress of society. A cynical but realistic perspective: who benefits from technology developments? You might not agree 100 % with their view but it is still very interesting.
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- Pam
- 06-04-23
Technology fatalist
Interesting anecdotes but lacking a powerful insight. Machine is the enemy of the uneducated so redirect technology from automation?
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- Artem
- 10-13-23
Not as great as "why nations fail", but not bad
I read why nations fail a few times and it's really an eye opener especially with brief history into how dictatorships form.
So I had hoped for something approaching that. Instead we got somewhat biased and sometimes plain wrong content.
For example when authors attempted to explain the nature of machine learning they went along the lines of "oh you throw a bunch of data into this machine and it gives you some mostly substandard results". When in reality it's more like a mock up of biological neurons with some differences but a lot of similarities. If biological neurons are like birds, then artificial neurons are like planes. They work in a very similar fashion.
That was never mentioned and uneducated reader will be mislead about the technical nature of ML.
'
Next comes deep mind Alpha go zero. The most fascinating thing about it was that it was one of first AI systems that had a much broader capability than any system before. It went from "narrow AI" quite a few steps towards "general AI".
Not only it was able to play Go, but it managed to also master countless other tasks - something no other system was ever able to do. All previous systems could only be made for a single purpose. Like chess engines. Or NPC agent or ECU in a car. These could only do one thing. Alpha go zero could do many things.
Obviously still VERY far from true general purpose, but nevertheless less that was it's defining feature.
Instead authors chose to spend time talking how narrow Alpha go is -if that's not misleading than what is?
Because I'm very familiar with these two subjects I was able to spot these mistakes. But with that I couldn't help but be more skeptical towards the rest of the content, which I wasn't familiar with and could learn a great deal.
However it's still a great book that draws inspiration from Yuval Noah Harari books and Daron Acemoglu previous Why Nations Fail book.
It's still a world class book. Just take with a grain of salt and it will provide a lot of food for thought.
Another note: as a left leaning centrist techno-optimist it was a bit of a challenge to take it, but I still did it and enjoyed challenging my views. But for someone right leaning book could be extremely hard to swallow unless you're ready to listen to another side.
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- Anonymous User
- 09-14-23
Good historical read
Not bad from a historical perspective, albeit with a Liberal slant. Overall worth a read or listen.
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- jhar14
- 10-09-23
Critical Read
This is a critical read and I highly recommend this, for anyone, wanting to learn more about the future of technology and its affect on we the people.
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- Amazon Customer
- 08-13-24
Intelligent arguments that take into account very modern events and AI
It’s nice to read something that is talking about the most pressing social issues at this time period. The author has an interesting, worthwhile take on it all.
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- Timothy M. Laseter
- 10-20-23
Thought Provoking
Some questionable underlying assumptions about people but addressing a critical issue. Provided new insights if not compelling answers.
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- J. Croom
- 03-31-24
Interesting paradigm, riveting history, and "OK" Policy proposals
The history of narrative on the inevitability of "progress" is fascinating - especially the stories of the Suez vs Panama Canal. Their analysis of the risks of AI are sharper than their propods for how to keep society in control of the forces of AI rather than giving them over to the rich and powerful; the need to keep control.of AI is clear, but the mechanics to do so seem a little idealistic. Still an excellent read with a really compelling paradigm to analyze discussions of technology.
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