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The wealth of humans : work, power, and status in the twenty-first century / Ryan Avent.

by Avent, Ryan, author.

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New York, N.Y. : St. Martin's Press, 2016.

Technological innovations -- Economic aspects.

Technological innovations -- Social aspects.

Information technology -- Economic aspects.

Information technology -- Social aspects.

Industrialization -- History.

Economic history.

9781250075802 :

viii, 276 pages ; 24 cm

First U.S. edition.

The digital revolution and the abundance of labour. The general-purpose technology ; Managing the labour glut ; In search of a better sponge -- Dynamics of the digital economy. The virtues of scarcity ; The firm as an information-processing organism ; Social capital in the twenty-first century -- The digital economy goes wrong. Playgrounds of the 1 per cent ; Hyperglobalization and the never-developing world ; The scourge of secular stagnation -- From abundance to prosperity. Why higher wages are so economically elusive ; The politics of labour abundance ; Human wealth.

"None of us has ever lived through a genuine industrial revolution. Until now. Digital technology is transforming every corner of the economy, fundamentally altering the way things are done, who does them, and what they earn for their efforts. In The Wealth of Humans, Economist editor Ryan Avent brings up-to-the-minute research and reporting to bear on the major economic question of our time: can the modern world manage technological changes every bit as disruptive as those that shook the socioeconomic landscape of the 19th century? Traveling from Shenzhen, to Gothenburg, to Mumbai, to Silicon Valley, Avent investigates the meaning of work in the twenty-first century: how technology is upending time-tested business models and thrusting workers of all kinds into a world wholly unlike that of a generation ago. It's a world in which the relationships between capital and labor and between rich and poor have been overturned. Past revolutions required rewriting the social contract: this one is unlikely to demand anything less. Avent looks to the history of the Industrial Revolution and the work of numerous experts for lessons in reordering society. The future needn't be bleak, but as The Wealth of Humans explains, we can't expect to restructure the world without a wrenching rethinking of what an economy should be"--

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