Patients with their eyes bandaged sit after their cataract surgeries at a hospital of the Aravind Eye Care System in Madurai, in India's Tamil Nadu state

Who Are the Social Impact “Billionaires”?

In a recent post “Economics in a World Where Everyone Matters Equally,” we looked at the world through the lens of “integrated return on investment” (IROI), defined as the total surplus captured by all stakeholders affected by an endeavor. This could be expressed as a percentage annual return on the total investment made, including both… Read more » Read more

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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

Photo credit: Acumen.org

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