1st Edition

Economic Change and Wellbeing The True Cost of Creative Destruction and Globalization

144 Pages 19 B/W Illustrations
by Routledge

144 Pages 19 B/W Illustrations
by Routledge

144 Pages 19 B/W Illustrations
by Routledge

Technological progress and globalization have generated indisputable benefits, but also relevant costs, such as growing economic inequality, economic fluctuations, and financial instability. Mainstream economics has usually considered these costs as temporary, evenly distributed, and more than compensated by the gains of the phases of economic expansion. In this book, which focuses mainly (though... Read more

Introduction

1. Causes and consequences of economic change

2. Traditional (optimistic) theories: growth without regret

3. The true costs of economic change

4. Some recipes to increase the social return of creative destruction

5. Conclusions: looking for sustainable economic change

Biography

Fabio D’Orlando is Associate Professor of Economics at the University of Cassino, Italy. His research interests are in behavioral economics, economics and psychology, technological unemployment, history of economic ideas, classical-type theory, European integration and crises.

Francesco Ferrante is Full Professor of Economics. Ferrante’s recent research interests include the effects of university inputs and university organization on students’ achievement and graduates employability; the impact of education and social programs on the labor market; labor market institutions and macroeconomic performance; education and subjective wellbeing; the role of education in entrepreneurship and growth.

Albertina Oliverio is Professor of Epistemology of Social Sciences at the University G. d’Annunzio of Chieti-Pescara, Italy and Professor of Methodology of Social Sciences at University Luiss G. Carli of Rome. Her research interests are in epistemology and methodology of social sciences; rationality and decision making; social processes, social norms and human action.