Well-Being and Growth in Advanced Economies: The Need to Prioritise Human Development Pugno Maurizio
Well-Being and Growth in Advanced Economies: The Need to Prioritise Human Development Pugno Maurizio Economic growth is generally regarded by governments and most ordinary people as a panacea for all…
Specifikacia Well-Being and Growth in Advanced Economies: The Need to Prioritise Human Development Pugno Maurizio
Well-Being and Growth in Advanced Economies: The Need to Prioritise Human Development Pugno Maurizio
Economic growth is generally regarded by governments and most ordinary people as a panacea for all problems, including issues caused by the COVID pandemic. Some advanced market economies, e.g. But this raises an important question: is further growth in advanced economies able to increase well-being once people's basic subsistence needs are met?
The book argues, with the support of a the United States, have exhibited a decline in well-being, both subjectively and objectively measured, over several decades despite seeing economic growth during the same period.This book provides an original and comprehensive explanation: economic growth, as driven by market forces, induces people, through both the demand- and supply-side channels, to pursue command over more material resources, and this weakens the self-generation of capabilities, putting well-being at risk of deterioration.