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Who Creates the Wealth in Society?

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WHERE ARE ALL THE CUSTOMERS' YACHTS?
"It is now well recognized that the wealth of modern societies is dictated not so much by the natural resources at their disposal, but by their human capital — the knowledge and skill of human beings and their ability to learn and apply new knowledge on their own," the Economix blog observes. "A nation’s wealth is truly a joint creation in which individuals, families, business and government all play crucial parts. Finding just that mix of efforts and regulations that will maximize society’s well-being is a tricky and never-ending quest."
SOURCE:   New York Times

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