Review: Beyond Accumulation and Technical Progress: Negative Externalities as an Engine of Economic Growth

It’s a long title for an elegant idea. This paper asks: “why does the economy grow?” It argues that the existing reasons of 1) accumulation and 2) technical progress fail to explain why a) people work so much for money and b) why they’re still so unhappy. Bartolini argues that the missing piece of the puzzle is negative externalities, which are in fact an engine of economic growth.

Hello World

Hi, I’m Emily. If you don’t know me already, I’m not sure how you found this site. Why am I blogging? This matters more to me than you, but there’s one thing I want to say about it: you should blog too! Social media is all about being short and snappy, and blogging is an… Continue reading Hello World