Prosperity in human societies can’t be properly understood by looking just at monetary measures, such as income or wealth. Prosperity in a society is the accumulation of solutions to human problems. These solutions run from the prosaic (crunchier potato chips) to the profound (cures for deadly diseases). Ultimately, the measure of the wealth of a society is the range of human problems it has solved and how available it has made those solutions to its people.
Content: Quotation
Authors: Eric Beinhocker, Nick Hanauer
Source: McKinsey Quarterly
Subjects: Capitalism, Economics
Authors: Eric Beinhocker, Nick Hanauer
Source: McKinsey Quarterly
Subjects: Capitalism, Economics
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