• Welcome to the Chair of Econometrics

    Our homepage offers you information about the teaching and research activities of the Chair of Econometrics.

    The research focuses on microeconometrics, labor economics and econometrics of ultra-high frequent financial data.

    We offer theoretical and applied econometrics and statistics courses for Bachelor, Master and doctoral students in economics and mathematical finance.

    For more details please check the links at the top.

In_equality and Research Colloquium - Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

Tuesday, 20. February 2024
15:15 - 16:20

ONLINE via Zoom or online talk in Y213

Cluster "The Politics of Inequality" and Department of Economics

Daron Acemoglu (MIT Economics)

Joint event with the Cluster of Excellence 'The Politics of Inequality'.

Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

Abstract: A thousand years of history and contemporary evidence make one thing clear: progress depends on the choices we make about technology. New ways of organizing production and communication can either serve the narrow interests of an elite or become the foundation for widespread prosperity.
The wealth generated by technological improvements in agriculture during the European Middle Ages was captured by the nobility and used to build grand cathedrals, while peasants remained on the edge of starvation. The first hundred years of industrialization in England delivered stagnant incomes for working people. And throughout the world today, digital technologies and artificial intelligence undermine jobs and democracy through excessive automation, massive data collection, and intrusive surveillance. It doesn’t have to be this way. The book “Power and Progress”, co-authored by Daron Acemoglu and Simon Johnson, demonstrates the path of technology was once—and may again—be brought under control. Cutting-edge technological advances can become empowering and democratizing tools, but not if all major decisions remain in the hands of a few hubristic tech leaders.