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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.
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.
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
