9780262539562

Innovation + Equality How to Create a Future That Is More Star Trek Than Terminator

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  • ISBN13:

    9780262539562

  • ISBN10:

    026253956X

  • Format: Paperback
  • Copyright: 2020-12-08
  • Publisher: The MIT Press

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Summary

How to get more innovation and more equality.

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.

Author Biography

Joshua Gans is Professor of Strategic Management and holds the Jeffrey S. Skoll Chair of Technical Innovation and Entrepreneurship at the University of Toronto's Rotman School of Management. He is the author of The Disruption Dilemma (MIT Press), Prediction Machines, and other books.

Andrew Leigh is a Member of the Australian House of Representatives, a former economics professor, and author of Battlers and Billionaires, Randomistas and other books.

Lawrence H. Summers is Charles W. Eliot Professor and President Emeritus at Harvard University. He served as Secretary of the Treasury in the Clinton administration and as Director of the National Economic Council in the Obama administration.

Table of Contents

Chapter 1 The Price of Progress
Chapter 2 Renaissance or Dark Age?
Chapter 3 Superpowers or Annihilation?
Chapter 4 Does Innovation Require Inequality?
Chapter 5 Does Innovation Cause Inequality?
Chapter 6 Encouraging Innovation
Chapter 7 Providing Insurance
Conclusion
Notes
Index

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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