{"id":55201,"date":"2014-05-23T10:43:00","date_gmt":"2014-05-23T18:43:00","guid":{"rendered":"http:\/\/www.lukeford.net\/blog\/?p=55201"},"modified":"2014-05-23T10:49:21","modified_gmt":"2014-05-23T18:49:21","slug":"cognitive-capitalism","status":"publish","type":"post","link":"https:\/\/lukeford.net\/blog\/?p=55201","title":{"rendered":"The Connection Between National IQ, Prosperity & Freedom"},"content":{"rendered":"

Two psychologists write<\/a>: Traditional economic theories stress the relevance of political, institutional, geographic, and historical factors for economic growth. In contrast, human-capital theories suggest that peoples\u2019 competences, mediated by technological progress, are the deciding factor in a nation\u2019s wealth. Using three large-scale assessments, we calculated cognitive-competence sums for the mean and for upper- and lower-level groups for 90 countries and compared the influence of each group\u2019s intellectual ability on gross domestic product. In our cross-national analyses, we applied different statistical methods (path analyses, bootstrapping) and measures developed by different research groups to various country samples and historical periods. Our results underscore the decisive relevance of cognitive ability\u2014particularly of an intellectual class with high cognitive ability and accomplishments in science, technology, engineering, and math\u2014for national wealth. Furthermore, this group\u2019s cognitive ability predicts the quality of economic and political institutions, which further determines the economic affluence of the nation. Cognitive resources enable the evolution of capitalism and the rise of wealth.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two psychologists write: Traditional economic theories stress the relevance of political, institutional, geographic, and historical factors for economic growth. In contrast, human-capital theories suggest that peoples\u2019 competences, mediated by technological progress, are the deciding factor in a nation\u2019s wealth. Using … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[29582],"tags":[],"class_list":["post-55201","post","type-post","status-publish","format-standard","hentry","category-iq"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t