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The Solaria Syndrome: Social capital in a growing hypertechnological economy

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Listed:
  • Antoci Angelo
  • Sabatini Fabio
  • Sodini Mauro

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.

Suggested Citation

  • Antoci Angelo & Sabatini Fabio & Sodini Mauro, 2010. "The Solaria Syndrome: Social capital in a growing hypertechnological economy," wp.comunite 0062, Department of Communication, University of Teramo.
  • Handle: RePEc:ter:wpaper:0062
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    More about this item

    Keywords

    Technology; economic growth; relational goods; social participation; social capital;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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