The Wealth of Humans
Work, Power, and Status in the Twenty-first Century
St. Martin's Press
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.
Praise for The Wealth of Humans
“Ryan Avent is a superb writer. I am confident that his book will be very successful.”—Thomas Piketty
“Ryan Avent is one of the sharpest and most intelligent writers around. Nobody is better placed to tell us how technology is shaping our economy and our lives.”—Tim Harford
“Many of the world's top economists read, engage with, and debate Ryan Avent on a regular basis, including on labor markets and technology.” —Tyler Cowen
“An ambitious, insightful and provocative book...Avent ranges widely through the often insular silos of economics, blending microeconomics with macro, industrial organization with international trade, labor economics with financial, economic history with economic geography. In the best Economist tradition, this book is both accessible and sophisticated, one that raises all the right questions.”—Washington Post