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Books

New and noteworthy books in economics (April)

Posted by e-axes on April 22, 2021

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How Humans Judge Machines

By: César A. Hidalgo – University of Toulouse
How would you feel about losing your job to a machine? How about a tsunami alert system that fails? Would you react differently to acts of discrimination depending on whether they were carried out by a machine or by a human? What about public surveillance? How Humans Judge Machines compares people’s reactions to actions performed by humans and machines. Using data collected in dozens of experiments, this book reveals the biases that permeate human-machine interactions. Through original research, How Humans Judge Machines bring us one step closer to understanding the ethical consequences of AI.

Atlas of AI – Power, Politics, and the Planetary Costs of Artificial Intelligence

By: Kate Crawford – UC Berkeley
What happens when artificial intelligence saturates political life and depletes the planet? How is AI shaping our understanding of ourselves and our societies? Drawing on more than a decade of research, award-winning scholar Kate Crawford reveals how AI is a technology of extraction: from the minerals drawn from the earth, to the labor pulled from low-wage information workers, to the data taken from every action and expression. This book reveals how this planetary network is fueling a shift toward undemocratic governance and increased inequity. Rather than taking a narrow focus on code and algorithms, Crawford offers us a material and political perspective on what it takes to make AI and how it centralizes power. This is an urgent account of what is at stake as technology companies use artificial intelligence to reshape the world.

What We Owe Each Other

By: Minouche Shafik – London School of Economics
The social contract shapes everything: our political institutions, legal systems and material conditions, but also the organisation of family and community, our well-being, relationships and life prospects. And yet everywhere, the social contract is failing. Accelerating changes in technology, demography and climate will reshape our world in ways many of us have yet to grasp. In this landmark study, Minouche Shafik, Director of the London School of Economics, draws on evidence from across the globe to identify the key principles every society must adopt if it is to meet the challenges of the coming century, with profound implications for gender equality, education, healthcare provision, the role of business and the future of work.

A persuasive diagnosis of the present social malaise [with] plenty of suggestions about what policymakers could do … ranges widely … impressive.
Diane Coyle, University of Cambridge

The Power of Creative Destruction – Economic Upheaval and the Wealth of Nations

By: Philippe Aghion, Céline Antonin, Simon Bunel – Collège de France, LSE, OFCE, INSEE
Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity.

Philippe Aghion is one of the founders of the new growth theory focused on the origins and implications of technological progress. This book, based on thirty years of research, shows the richness and usefulness of this approach. It is a fundamental document for thinking about the nature of growth, industrial policy, and the organization of the labor market.
Olivier Blanchard, Peterson Institute for International Economics

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Books

New and Noteworthy Books in Economics (September)

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New and Noteworthy Books in Economics (August)

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New and Noteworthy Books in Economics (July)

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