Jobless Growth and the New Great Transformation
A Data Driven Analysis
Will be published approx. on 31. July 2026
Book
Hardback
300 pages
978-1-009-70009-2 (ISBN)
Description
Technological change and innovation have long fueled economic growth and employment. Yet, in recent decades, productivity gains have increasingly failed to translate into more jobs and higher wages. Jobless Growth and the New Great Transformation investigates this apparent paradox, by examining the theoretical and empirical evidence about the relationship between innovation and structural change. It combines rigorous and cutting-edge data analysis with EU case studies to reveal how recent technological breakthroughs, far from driving shared prosperity, have slowed growth, widened spatial divides and fueled societal polarization, partly due to excessive confidence in market deregulation. Drawing on data-driven analyses, the book explains why impacts of innovation vary so widely between regions and how history, institutions, and policy-not just market forces-determine who benefits from technological advances and who is left behind.
Reviews / Votes
'A timely book cleverly addressing a set of evergreen research questions in economics - What is the impact of technological change on jobs? Which countries, regions, industries, occupations are going to benefit and, conversely, who is going the bear the costs? - building on a rich theoretical framework and providing detailed empirical evidence. As the joint action of automation and digitalization is promising to further reshape labour markets, this book may be a very useful tool for understanding current trends and anticipating those that are coming.' Dario Guarascio, Professor of Economic Policy, Sapienza University of Rome 'This is an essential book in the increasingly critical area of agent-based economics by a very talented group of economists.' Bruce Greenwald, Professor Emeritus at Columbia UniversityMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Illustrations
Worked examples or Exercises
ISBN-13
978-1-009-70009-2 (9781009700092)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Fabiano Compagnucci | Mauro Gallegati | Andrea Gentili
Jobless Growth and the New Great Transformation
A Data Driven Analysis
Book
approx. 07/2026
Cambridge University Press
€40.00
Not yet published
Persons
Mauro Gallegati is a Professor in the Department of Management at Marche Polytechnic University. A prominent Italian economist, he has significantly advanced the field of complexity economics. His research emphasizes agent-based modeling (ABM) to analyze economic systems as complex, adaptive networks of heterogeneous agents. Gallegati has held visiting positions at esteemed institutions such as Washington University in St. Louis, the University of Cambridge, Stanford University, and the Massachusetts Institute of Technology. In addition to his research, Professor Gallegati has served as the president of the Economic Science with Heterogeneous Interacting Agents (ESHIA) Society. Enzo Valentini is an Associate Professor of Economic Policy at the Department of Political Science, Communication and International Relations of the University of Macerata. His main research topics are: structural change, economic impact of robotization, inequality, migrations. Fabiano Compagnucci is an Assistant Professor at the Gran Sasso Science Institute. His current research focuses on structural change, technological innovation, and the socioeconomic dynamics of Italy's inner areas, with particular emphasis on the role of medium- and small-sized towns in present-day regional development contexts. Andrea Gentili is Associate Professor of Political Economy at Universitas Mercatorum. He has been a postdoctoral fellow at the University of Bologna and the Universita Politecnica delle Marche and currently teaches Economics of Innovation in the master's degree in Management Engineering. His main field of research is macroeconomics, with a particular focus on labor markets and their relationship to technological change. He also carries research on migration, education, economic history and networks.
Content
1. As an introduction; 2. Structural change and extended crises; 3. Employment, wages, and incomes; 4. Extended crises and robotization; 5. Euro area regional patterns; Conclusions; References.