ETA: I’m referring to the following (along with some of the other studies linked by gwern):
cognitive skills—intelligence quotient scores, math skills, and the like—have only a modest influence on individual wages, but are strongly correlated with national outcomes. Is this largely due to human capital spillovers? This paper argues that the answer is yes. It presents four different channels through which intelligence may matter more for nations than for individuals: (i) intelligence is associated with patience and hence higher savings rates; (ii) intelligence causes cooperation; (iii) higher group intelligence opens the door to using fragile, high-value production technologies; and (iv) intelligence is associated with supporting market-oriented policies.
JoshuaZ is referring to something hugely more generic and obvious (revolutionary geniuses and cumulative knowledge vs significantly above average IQ workers in contemporary economies).
True enough, but not what I was referring to.
ETA: I’m referring to the following (along with some of the other studies linked by gwern):
JoshuaZ is referring to something hugely more generic and obvious (revolutionary geniuses and cumulative knowledge vs significantly above average IQ workers in contemporary economies).