“…To the best of our knowledge, how political and social power shape technological choices, and how institutions and technology choices together determine how much owners of capital, entrepreneurs, and workers of different skill levels benefit from new production methods, are original to this book. Using this framework, we reinterpret the major economic developments of the last thousand years…” (p. 431).
“…..our book argues that the main issue is the redirection of technological change away from a singular focus on automation and data collection, toward a more balanced portfolio of new innovations…” (p. 432).
Supporting the fundamental approach as illustrated above, the authors put forth some arguments, which can be considered as the key messages of Power and Progress – Our 1000-year Struggle Over Technology and Prosperity, says Prof. Chandrahas Deshpande, Member, PIC, and Professor of Economics, Welingkar Institute of Management, Mumbai, in his review of the book.
Click here to read the full review.