We advance economic research that evaluates society holistically by including all stakeholders and available data to address contemporary challenges. We model strategic incentives for private sector investment in human capital. We accomplish this by developing metrics that make social capital cultivation as tangible and valuable as financial capital.
Early childhood development, family stability, education opportunity, income inequality, social justice, and job displacement are foundational challenges to modern civilization. If we cannot provide broadly for our own health, wellbeing, and education we are failing as a society.
Due to the state of contemporary economic study and application, every current philanthropic and entrepreneurial initiative being undertaken to alleviate the above societal challenges is fatally disadvantaged. For nearly 100 years the the two dominant philosophies of economics have focused entirely on primarily directing government action in hopes of a resulting positive impact on society. Keynesian economists and think tanks offer policy recommendations advocating increased regulation and government investment, while Neoliberal economists and think tanks offer policy recommendations advocating deregulation and spending cuts.
Modern society requires an updated approach. One that uses big data to create guiding policy recommendations directly to the private sector. The vision of the Institute for Economic Evolution is to evolve economics to embrace change as quickly and vibrantly as the society to which it is responsible, and to establish Tampa Bay as the epicenter for global leadership in twenty-first century economics.