Interesting study: thinking matters, so learning HOW to think matters. Conclusion: READ MORE KPC!
Cognitive Capitalism: The impact of ability, mediated through science and
economic freedom, on wealth
Heiner Rindermann & James Thompson
Psychological Science, forthcoming
Abstract: Traditional theories of economic growth stress the relevance of political, institutional, economic, geographic and historical factors. In contrast, human capital theories claim that peoples’ competences are the deciding factor in achieving technological progress leading to wealth. Using large scale assessments (TIMSS, PISA, PIRLS) cognitive competence sums for N=90 countries were calculated for the mean and the upper and low level groups and compared for their influence on GDP. Cross-national analyses applied different statistical methods (path analyses, bootstrapping), measures developed by different research groups, for different country samples and historical periods. All results underscore the decisive relevance of cognitive ability, particularly of an upper ability group creating an intellectual class with high accomplishment in science, technology, engineering and math (STEM) and which predicts the quality of economic and political institutions, resulting in economic affluence. Cognitive resources enable the evolution of capitalism and the rise of wealth.
Supporting this thesis, which I don't know much about.
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