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How Economic Progress Happens

In Economics in a World Where Everyone Matters Equally, I explored the concept of “integrated return on investment” (IROI), defined as the total surplus captured by all stakeholders in an endeavor. This could be expressed as a percentage annual return on the total investment made, including both the capital invested directly in the enterprise as… Read more » Read more

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Economics in a World Where Everyone Matters Equally

Economics through the eyes of a financial investor revolves around return on investment, a measure of how much value the investor can capture and extract. Let’s imagine a metric, perhaps hard to measure but easy to conceptualize: the total surplus, as captured by all stakeholders in an endeavor. This could be expressed as a percentage annual… Read more » Read more

Achieving Big Things

A Short Guide to Achieving Big Things

I recently had the opportunity to give a workshop for World Economic Forum Young Global Leaders called “A Short Guide to Achieving Big Things,” with some help from friends and fellow “YGLs” Angela Sun, Kristin Rechberger and April Rinne. The workshop highlighted underlying patterns for how people accomplish very large goals that require the efforts… Read more » Read more