Human Capital, Tangible Wealth, and the Intangible Capital Residual
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its GDP. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts (SNA) is a factor of 2.6 to 6.6, depending on whether natural resource stocks are included in the balance sheet. The clear...
