Cognitive Capitalism

@article{Rindermann2011CognitiveC,
  title={Cognitive Capitalism},
  author={Heiner Rindermann and James Thompson},
  journal={Psychological Science},
  year={2011},
  volume={22},
  pages={754 - 763}
}
Traditional economic theories stress the relevance of political, institutional, geographic, and historical factors for economic growth. In contrast, human-capital theories suggest that peoples’ competences, mediated by technological progress, are the deciding factor in a nation’s wealth. Using three large-scale assessments, we calculated cognitive-competence sums for the mean and for upper- and lower-level groups for 90 countries and compared the influence of each group’s intellectual ability… 

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