(New York Times) –This is the third post in my trilogy on the creation of a nation’s wealth. In the first I explored what is meant by wealth. The second looked at companies as creators of wealth, with a digression on the social and economic purpose of business corporations. In this concluding post in the trilogy, I explore who are society’s main creators of wealth. In so doing, I shall draw heavily on a lecture entitled “What Is the Wealth of a Nation?” that I delivered in 2002, at the end of a freshman economics course. Earlier posts in the trilogy drew on that lecture as well.
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