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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