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Introduction Power and Progress is about the direction of technology development. This book explores the nature of the economic, social, and political choice, the historical and contemporary evidence on the relationship among technology, wages, and inequality, and the ways to direct innovations to work in service of shared prosperity. After reading Poverty, by America, I stumbled upon this book and decided to read it. Author Daron Acemoglu is Institute Professor of Economics at Massachusetts Institute of Technology (MIT). He has received several awards and honours, including the John Bates Clark Medal, the BBVA Frontiers of Knowledge Award in economics, finance and management, and the Kiel’s Institute’s Global Economy Price in economics. Simon Johnson is the Roland A. Kutz Professor of Entrepreneurship in Sloan School at MIT. He was the chief economist at the International Monetary Fund in 2007-2008. He has been a Fannie Mae director since February 2021. Contents Power and Progress has a prologue and 11 chapters. The chapters are 1) Control over Technology 2) Canal Vision 3) Power to Persuade 4) Cultivating Misery 5) A Middling Sort of Revolution 6) Casualties of Progress 7) The Contested Path 8) Digital Damage 9) Artificial Struggle 10) Democracy Breaks 11) Redirecting Technology…

Introduction Poverty, by America is the author’s attempt to answer this question: Why is there so much poverty in America? It is a book about poverty that is not just about the poor but also how the other half lives, about how some lives are made small so that others may grow. I would like to know the answer to the author’s question. Author Matthew Desmond is an American sociologist and the Maurice P. During Professor of Sociology at Princeton University, where he is also the principal investigator of the Eviction Lab. Contents Poverty, by America has a prologue, 9 chapter and an epilogue. The chapters are 1) The Kind of Problem Poverty Is 2) Why Haven’t We Made More Progress 3) How We Undercut Workers 4) How We Force the Poor to Pay More 5) How We Rely on Welfare 6) How We Buy Opportunity 7) Invest in Ending Poverty 8) Empower the Poor 9) Tear Down the Walls Review In Poverty, by America, the author discusses the persistent poverty in the United States, despite its abundance. Definitions The technical definition of poverty is that a person is considered “poor” when they cannot afford life’s necessities. However, poverty is more than that. Poverty is…