ROCKING OUR PRIORS

"Power & Progress": Professor Daron Acemoglu

Jun 28, 2023
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INSIGHT

Tech Boosts Welfare If Marginal Product Rises

  • Technology improves welfare only if it raises worker marginal productivity alongside average productivity.
  • Worker power and vision critically affect how technological benefits distribute across society.
INSIGHT

Vision Shapes Technology and Power

  • Vision shapes which technologies and organizations we develop and adopt.
  • Powerful people's ideologies influence technological paths beyond mere self-interest.
ANECDOTE

Tech Success Fuels Ideological Power

  • Tech companies' massive success builds persuasive power that shapes optimism among intellectuals and media.
  • This ideological influence can lead to uncritical celebration of technology.
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