The consequences of growth

By Emran Mian – The Office for National Statistics (ONS) in the UK estimated the value of the country’s human capital in 2010.  What they were trying to capture in the calculation is “the knowledge, skills, competencies and attributes embodied in individuals that facilitate the creation of personal, social and economic well-being”. Since then, they have consulted on the methodology and recognise that the estimate can be improved. The size of the estimate is startling: £17.12tn, or two and a […]

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