# Prof. Arun Sundararajan's congressional testimony on the sharing economy is cited

1 Faculty News February 4, 2015 ![AFP logo](/sites/default/files/styles/246w/public/assets/images/con_033413.jpg?itok=zZaeBEKo)>

Excerpt from [AFP](http://www.dailymail.co.uk/wires/afp/article-2939000/Sharing-economy-reshapes-markets-complaints-rise.htmlhttp://www.dailymail.co.uk/wires/afp/article-2939000/Sharing-economy-reshapes-markets-complaints-rise.html) -- "[Arun Sundararajan](http://www.stern.nyu.edu/faculty/bio/arun-sundararajan), a New York University economist who studies the sharing economy, told a January congressional hearing that 'this transition will have a positive impact on economic growth and welfare, by stimulating new consumption, by raising productivity, and by catalyzing individual innovation and entrepreneurship.'"

[Read more](http://www.dailymail.co.uk/wires/afp/article-2939000/Sharing-economy-reshapes-markets-complaints-rise.html)