Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57557
Authors: 
Binder, Martin
Witt, Ulrich
Year of Publication: 
2011
Series/Report no.: 
Papers on economics and evolution 1105
Abstract: 
While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One reason for this are ambivalent effects of innovations on well-being that result from pecuniary and technological externalities of innovations, argued to be inevitable. Another major reason lies in the fact that, as a result of innovations, preferences can change over time. Under such conditions, a time-consistent measuring rod for changes in well-being is hard to construct. Existing conceptions of well-being are shown not yet to solve the problem in a way that provides an unambiguous answer to the question in the title.
Subjects: 
innovations
growth
welfare
well-being
preference change
JEL: 
D63
I31
O00
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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