Cover of Power and Progress

Power and Progress

Daron Acemoglu and Simon Johnson

Technology doesn’t automatically share its gains — institutions decide who wins.

Acemoglu and Johnson’s history of a thousand years of technology argues that progress only broadens prosperity when institutions force the gains to be shared; left alone, technology tends to concentrate elite power. The direct rebuttal to techno-optimism, and central to any honest account of AI and labor.