by Summary:
Review of Extreme Economies: from Akita in Japan to Santiago in Chile, from Glasgow to Kinshasa by Richard Davies. Davies picks this up in the conclusion: “The biggest gap in economics is the way it completely ignores social capital.” This is why our Bennett Institute Wealth Economy team is exploring the measurement of social capital. Economics doesn’t entirely ignore it – it gets lables such as ‘institutions’ or ‘goodwill’ – but is treated as a black box at best. So I agree with the book that economics will have more to offer the world if we measure and understand better the “subtler and more human aspects of income and wealth.” The Enlightened EconomistGoing to extremesDiane Coyle | freelance economist and a former advisor to the UK Treasury. She is a member of the UK Competition
Topics:
Mike Norman considers the following as important: development economics, social capital, underdeveloped world
This could be interesting, too:
Review of Extreme Economies: from Akita in Japan to Santiago in Chile, from Glasgow to Kinshasa by Richard Davies. Davies picks this up in the conclusion: “The biggest gap in economics is the way it completely ignores social capital.” This is why our Bennett Institute Wealth Economy team is exploring the measurement of social capital. Economics doesn’t entirely ignore it – it gets lables such as ‘institutions’ or ‘goodwill’ – but is treated as a black box at best. So I agree with the book that economics will have more to offer the world if we measure and understand better the “subtler and more human aspects of income and wealth.” The Enlightened EconomistGoing to extremesDiane Coyle | freelance economist and a former advisor to the UK Treasury. She is a member of the UK Competition
Topics:
Mike Norman considers the following as important: development economics, social capital, underdeveloped world
This could be interesting, too:
Mike Norman writes Ndongo Samba Sylla – What does MMT have to Offer Developing Nations?
Mike Norman writes Asymmetric Protectionism — Ramanan
Mike Norman writes What Xi Jinping thinks about development economics — Andrew Batson
Mike Norman writes Andrew Batson — Capacity to transform
Davies picks this up in the conclusion: “The biggest gap in economics is the way it completely ignores social capital.” This is why our Bennett Institute Wealth Economy team is exploring the measurement of social capital. Economics doesn’t entirely ignore it – it gets lables such as ‘institutions’ or ‘goodwill’ – but is treated as a black box at best. So I agree with the book that economics will have more to offer the world if we measure and understand better the “subtler and more human aspects of income and wealth.”The Enlightened Economist
Going to extremes
Diane Coyle | freelance economist and a former advisor to the UK Treasury. She is a member of the UK Competition Commission and is acting Chairman of the BBC Trust, the governing body of the British Broadcasting Corporation