Human Capital

The education and stock of knowledge embodied in human beings within a country.


Michael Woolcock on Social Capital in Wealth

The welfare returns to investing in trust could be substantial. Michael Woolcock discusses research (conducted together with Kirk Hamilton and John Helliwell) that uses social trust data from 132 nations covered by the Gallup World Poll, presenting a range of estimates of social trust’s wealth-equivalent values.


Dimitri Zenghelis on Cities and Wealth

Over the next fifty years, most new wealth will be accumulated in cities; this includes physical infrastructure (road, rail, electricity, telecommunications and sanitation), productive capital (houses, offices and factories) and knowledge capital (skills, knowhow and ideas). The development of cities will also determine humanity’s ability to preserve natural capital. Consequently, urbanisation deserves urgent attention from policymakers, academics and businesses worldwide. Dimitri Zenghelis discusses how well-governed, connected, clean cities are likely to attract productive capital, talent, and creativity; while bad governance and inaction over planning can erode progress for decades to centuries.


Mariana Mazzucato on Wealth Creation and the State

The state is often seen as facilitating the process of wealth creation, rather than being a key driver of the process itself. A better understanding of the role that the state has and can play in the wealth creation process is the starting point for policy solutions that can increase the rate of wealth creation, while reducing rent-seeking and ensuring a fairer distribution of that co-created wealth.


Economic policy: from market fixing to market creating and shaping

Mariana Mazzucato speaks about the importance of the public sector in wealth creation