lecturer in the Department of Economics, University College London
In this short course, I will tell the economic history of the world in the last 200 years, through the lens of technological innovation and diffusion. I will focus on the economic impact of the General-Purpose Technologies of each period: steam engine (the First Industrial Revolution), electricity (the Second Industrial Revolution); and computer and information technology (the Third Industrial Revolution). I will discuss the winners and losers of these technological revolutions both within and across countries. Finally, I ask if these past technological revolutions can help us think about the effects of the upcoming “AI revolution”.