I like inclusive wealth quite a bit more than some of the other attempts I’ve seen because it seems like there’s an appealing, coherent theory behind it. Given that, I think it extends fairly straightforwardly to other kinds of issues (the paper itself talks about human capital, manufactured capital, natural capital, and social capital) on a conceptual level. The only real requirement is that you be able to phrase things in terms of stocks and flows and assign values to these.
I think the key difficulty for most additional things we’d like to add to inclusive wealth is settling on workable definitions and getting reliable measurements/data.
I like inclusive wealth quite a bit more than some of the other attempts I’ve seen because it seems like there’s an appealing, coherent theory behind it. Given that, I think it extends fairly straightforwardly to other kinds of issues (the paper itself talks about human capital, manufactured capital, natural capital, and social capital) on a conceptual level. The only real requirement is that you be able to phrase things in terms of stocks and flows and assign values to these.
I think the key difficulty for most additional things we’d like to add to inclusive wealth is settling on workable definitions and getting reliable measurements/data.