Verfasst von:	D'Orlando, Fabio [VerfasserIn]
	Ferrante, Francesco [VerfasserIn]
	Oliverio, Albertina [VerfasserIn]
Titel:	Economic change and wellbeing
Titelzusatz:	the true cost of creative destruction and globalization
Verf.angabe:	Fabio D'Orlando, Francesco Ferrante and Albertina Oliverio
Verlagsort:	London
Verlag:	Routledge, Taylor & Francis Group
Jahr:	2022
Umfang:	ix, 134 Seiten
Illustrationen:	Illustrationen
Gesamttitel/Reihe:	Routledge frontiers of political economy
Fussnoten:	Includes bibliographical references and index
ISBN:	978-1-032-06197-9
	978-0-367-86298-5
Abstract:	"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 not only) on the labor market, the authors contend that the major costs of the intensified process of creative destruction, through which economic change proceeded, have been ignored and the benefits overrated, thus incorrectly estimating the net impact of economic growth on subjective wellbeing. The book argues that the positive consequences of economic change and globalization do not compensate for the negatives, because psychological losses are felt more strongly than gains (due to loss aversion) and the costs are unequally distributed (those on low incomes disproportionately suffer more). The result is an overall reduction in well-being and therefore appropriate policies are necessary to allow more people to enjoy the benefits of technological progress without suffering the costs. The authors develop a comprehensive framework in which the socio-psychological context and educational level of a community determine the most suitable policies both for the short and for the long run. The book makes an invaluable contribution to the literature on economic growth and development, labor economics, the economics of well-being, and applications of behavioral economics. The readers that may be interested in this book are economists and other social scientists, but also general readers, since the analysis is maintained simple and accessible. University teachers can use the book for courses on economic growth and development, on labor economics, on economics of human capital, on economics of well-being, and on applications of behavioral economics."
DOI:	doi:10.4324/9781003018230
URL:	DOI: https://doi.org/10.4324/9781003018230
Schlagwörter:	(s)Technischer Fortschritt    / (s)Globalisierung    / (s)Wirtschaftsentwicklung    / (s)Humankapital    / (s)Wohlbefinden    / (s)Kosten
Sprache:	eng
Bibliogr. Hinweis:	Erscheint auch als : Online-Ausgabe: D'Orlando, Fabio. 1962-: Economic change and wellbeing. - New York : Routledge, 2021 |(DLC)2021011659
	Erscheint auch als : Online-Ausgabe: D'Orlando, Fabio, - 1962-: Economic change and wellbeing. - Abingdon, Oxon : Routledge,, 2022. - 1 online resource (ix, 134 pages)
K10plus-PPN:	1754905447