The Hidden Wealth of Nations
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Recommendation
Trust, happiness and other forms of human capital constitute the “hidden wealth of nations.” This reciprocal, relationship-based “economy of regard” is a reservoir of unseen assets that parallels the transaction-based economy. Insights from behavioral economics and survey-based measurements of citizens’ satisfaction can help governments perform more effectively. British psychologist David Halpern’s verbose, disjointed writing style may obscure some of his insights on increasing society’s well-being, but his comments are fresh and interesting. While always politically neutral, getAbstract recommends his treatise to those interested in public service and inventive approaches to democratic governance.
Take-Aways
About the Author
British psychologist and civil servant David Halpern runs Behavioural Insights Limited, a company – initially launched as part of the UK government – that applies behavioral economic theory to improve public policy and make government more efficient.
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