Innovation plus equality: how to create a future that is more Star Trek than Terminator
Material type: TextPublication details: MIT press Cambridge 2019Description: 174 pISBN:- 9780262539562
- 338.0640973 GAN
Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode | |
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Book | Indian Institute of Management LRC General Stacks | Public Policy & General Management | 338.0640973 GAN (Browse shelf(Opens below)) | 1 | Available | 004264 |
Browsing Indian Institute of Management LRC shelves, Shelving location: General Stacks, Collection: Public Policy & General Management Close shelf browser (Hides shelf browser)
338.064 ROS The industries of the future | 338.064 SCH Fourth industrial revolution | 338.0640954 NIL Rebooting India: realizing a billion aspirations | 338.0640973 GAN Innovation plus equality: | 338.09 DOD Tomorrow's people and new technology: changing how we live our lives | 338.09 GAL The new industrial state | 338.09 MCC Creating modern capitalism: how entrepreneurs, companies, and countries triumphed in three industrial revolutions |
Is economic inequality the price we pay for innovation? The amazing technological advances of the last two decades—in such areas as artificial intelligence, genetics, and materials—have benefited society collectively and rewarded innovators handsomely: we get cool smartphones and technology moguls become billionaires. This contributes to a growing wealth gap; in the United States; the wealth controlled by the top 0.1 percent of households equals that of the bottom ninety percent. Is this the inevitable cost of an innovation-driven economy? Economist Joshua Gans and policy maker Andrew Leigh make the case that pursuing innovation does not mean giving up on equality—precisely the opposite. In this book, they outline ways that society can become both more entrepreneurial and more egalitarian.
All innovation entails uncertainty; there's no way to predict which new technologies will catch on. Therefore, Gans and Leigh argue, rather than betting on the future of particular professions, we should consider policies that embrace uncertainty and protect people from unfavorable outcomes. To this end, they suggest policies that promote both innovation and equality. If we encourage innovation in the right way, our future can look more like the cheerful techno-utopia of Star Trek than the dark techno-dystopia of The Terminator.
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