The Solaria Syndrome: Social Capital in a Growing Hyper-technological Economy
Paper presented at the Conference “From GDP to Well-Being: Economics on the Road to Sustainability”, Ancona, Italy, 3-5 December 2009. Abstract We develop a dynamic model to analyze the sources and the evolution of social participation and social capital in a growing economy characterized by exogenous technical progress. Starting from the assumption that the well-being of agents basically depends on material and relational goods, we show that the best-case scenarios hold when technology and social capital both support just one of the two productions at the expenses of the other. However, trajectories are possible where technology and social interaction balance one another in fostering the growth of both the social and the private sector of the economy. Along such tracks, technology may play a crucial role in supporting a “socially sustainable” economic growth.
|Date of creation:||04 Mar 2010|
|Note:||Reference authors:Angelo Antoci Dipartimento di Economia Impresa e Regolamentazione, Università di Sassari, via Torre Tonda 34, 07100 Sassari, Italy; e-mail: email@example.com; Fabio Sabatini Dipartmento di Economia Politica, Università di Siena, piazza San Francesco 5, 53100 Siena, Italy; e-mail: firstname.lastname@example.org; Mauro Sodini Dipartimento di Statistica e Matematica Applicata all’Economia, Università di Pisa, via Cosimo Ridolfi 10, 56124 Pisa, Italy; e-mail: email@example.com.|
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