It’s more than a century since American school supervisor Lyda Hanifan coined the term social capital to define intangible social connections vital for community cohesion and productivity. Economists have long recognised its importance. But they have never effectively incorporated it…
Month: November 2022
IMF lays the foundations for a new economic policy nightmare
IMF managing director Kristalina Georgieva On 16 November, IMF managing director Kristalina Georgieva delivered an opening statement for the fund’s 10th IMF Statistical Forum which was entitled Measuring the Tangible Benefits of Intangible Capital. The two-day event was addressed by…