Presentation

Presentation of the Common Sense Economy Index

November 28, 2024 (Thursday)

00:00-00:00 (GMT+2)

Common sense economics is the most reliable foundation for both the personal well-being of each person and the long-term national strategy. The Common Sense Economics Index is like a universal measurement tool for assessing the quality of economic policy in relation to the axioms of human behavior.

The index indicates the level and degree of consideration of the following main factors and parameters of human development in the development and implementation of economic policy:

Laws of economy, system of motivations of various economic subjects;
experience (mistakes, achievements) in the field of economic development of different countries of the world;
the state of economic science, the quality of its interaction with the Government, business and society;
the level of economic literacy of the Government, society and business;
the quality of democratic institutions, the influence of society on the Government from the point of view of the content of economic policy;
the quality of public administration institutions in terms of the production of those services and goods that citizens authorized and paid for with their taxes;
the level of understanding of the nature of modern forms of capital, including intangible assets, in particular economic freedom.

The Economic Common Sense Index is a tool for determining the economic IQ of a country as a whole.

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