The poverty of growth with interdependent utility functions

John Komlos; Peter Salamon

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.

Year of publication:	May 2005
Other Persons:	Komlos, John (contributor) ; Salamon, Peter (contributor)
Publisher:	München : CESifo
Subject:	Wirtschaftswachstum \| Economic growth \| Verteilungskonflikt \| Distributional conflict \| Nutzenfunktion \| Utility function \| Nachfrageinterdependenz \| Interdependent preferences \| Theorie \| Theory

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