The Birth of Modern Prosperity, Part III: Power to the People (with Daron Acemoglu)

The Industrial Revolution did not create modern prosperity. Indeed, the British workers saw little or no improvements in their wages between 1750 and 1850. They did, however, experience ever-worsening working conditions.

Then things changed. Britain became a democracy. And with democracy, the economy changed, too.

Or so argues Daron Acemoglu, one of the most influential economists alive. You can either listen to the episode here, or read some highlights and commentary at Onhumans.Substack.com/

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