Maurizio Pugno is Full Professor of Economics at the University of Cassino, Italy. He studied at Cambridge, UK (M.Phil.) and Birkbeck, London. He taught at the University of Trento, Italy, and at the International PhD School of S. Anna, Pisa, Italy. He published Well-being and Growth in Advanced Economies (2022), and On the Foundations of Happiness in Economics (2016). He is a member of World Wellbeing Panel (a selection of experts who define policies for well-being).
Main contributions of Maurizio Pugno:
– theoretical and empirical socio-psychological explanation of why happiness may not grow with income (set of articles and a book),
– theoretical proof that services can favour economic growth (article cited in international surveys),
– theoretical proof that the informal sector can be permanent and growth-reducing (set of articles with more than 300 citations),
– theoretical proof that BoP constrained growth model is dynamically stable (article selected for a celebration book).
Economic development requires endogenous novelties, according to evolutionary economics. To find the endogenous source of novelties, we focus on the creativity of ordinary people when they craft their life path. We argue that such ‘life creativity’ is endogenous to the economic system because it is a typical capability of human beings, because it is intrinsically motivated, thus directly yielding well-being, and because it can be developed with better economic conditions. The paper first introduces the insights of three pioneers of…
Recent evidence shows that social media use has negative effects on well-being of children and youths. However, the underlying reasons are unclear, as social media are means that can also serve beneficial purposes. We propose the hypothesis that social media induce users to harmful addiction of a new variety because such use is not toxic per se, but becomes toxic by crowding out beneficial activities. We identify, in particular, the key mechanism in the change of time preference: while social…
Does growth of advanced economies lead to human development, i.e., the development of those capabilities that most distinguish human beings? Are improvements of well-being thus guaranteed? The half-century decline of well-being (both subjective and objective) in the United States suggests a pessimistic stance, aggravated by the recent pandemic and war. Well-being and Growth in Advanced Economies argues with theory and facts that economic growth can surprisingly bring ill-being to people because it erodes their Fundamental Human Development (FHD) when market…
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