The New Capital (2)

―Reviewing the Capitals from Inclusive Wealth―

Abstract

　The future generations to continue to inherit the "wealth", to produce the "wealth", it is necessary to take over from grown. The new value desired by society and industry cannot be achieved without research and development. Rather than continually consuming, it is necessary to proliferate to cover the current generation's consumption and to leave "wealth" in future generations. The new value desired by society and industry cannot be achieved without research and development. And it is necessary to leave "wealth" in posterity. For this purpose, we need to classify the capital that constitutes wealth and approach each capital growth, and as a result, consider the productivity of wealth.

　GDP is a measure of a country’s opulence and not its well-being. But the point is not that opulence misleads; it is that we need to measure opulence, or wealth, correctly. Inclusive wealth is the measure, through the ages, of human well-being. It totals up the value of an economy’s stock of manufactured capital, human capital and natural capital [3, p18]. This attempt is very important. I think that wealth must be growing stock.