Technology and Prosperity: The Choices We Make

“Technology is not destiny. It is a powerful tool that can be used for good or for ill. The choice is ours.” – Daron Acemoglu and Simon Johnson

In Power and Progress, Daron Acemoglu and Simon Johnson argue that the relationship between technology and prosperity is not always straightforward. They show that technological progress can lead to both greater inequality and greater prosperity, depending on how the benefits of technology are distributed. Acemoglu and Johnson argue that we need to find ways to ensure that the benefits of technology are shared more widely in order to achieve lasting prosperity.