What a nice coincidence: One year that this blog had not seen any fresh and spirited content. No longer! I have reclaimed a bit of my freedom by leaving my job at Nokia a week ago, and I’m now in a position that I can do whatever I like. What should that be, you ask me? A bit of traveling (the US is big, Europe is far), a bit of
Category: "Californian life"
This article is relatively old (from 2007) but nonetheless interesting. It basically says that a condition for higher productivity is access to intangible wealth. Whereas natural and built capital describe natural resources, pasture land, and machinery, equipment, infrastructure; intangible wealth include such things as trust in society, property rights, education, etc. And the amount of intangible wealth is decisive for how productive and creative you will be. Sounds intuitive enough.