The Brain Economy: Advancing Brain Science to Better Understand the Modern Economy.

Journal: The Malaysian journal of medical sciences : MJMS

Volume: 31

Issue: 1

Year of Publication: 

Affiliated Institutions:  Brain Capital Alliance, San Francisco, California, USA. Institute for Mental and Physical Health and Clinical Translation (IMPACT), Deakin University and Barwon Health, Geelong, Victoria, Australia. Global Brain Health Institute, University of California, San Francisco (UCSF), San Francisco, California and Trinity College Dublin, Dublin, Ireland. Desarrollo y Evolución Neural, Departamento Neurociencias Integrativas y Computacionales, Instituto de Investigaciones Biológicas Clemente Estable (MEC), Montevideo, Uruguay. Global Research Network on Social Determinants of Health and Exposomics, La Jolla, California, USA. Candesic, London, United Kingdom. Fellow, Academy of Sciences Malaysia, Menara Matrade, Kuala Lumpur, Malaysia. UsAgainstAlzhiemer's, Washington DC, USA. Dyslexia Center, UCSF, California, USA. Brain Research Africa Initiative (BRAIN), Geneva, Switzerland & Yaoundé, Cameroon, Africa. Department of Neuroscience, Medical University of South Carolina (MUSC), South Carolina, USA. School of Management, Yale University, Connecticut, USA. Sutardja Center for Entrepreneurship and Technology, College of Engineering, University of California, California, USA. Department of Psychiatry, The Melbourne Clinic and St. Vincent's Hospital, University of Melbourne, Australia. School of Public Health, Faculty of Health Sciences, University of the Witwatersrand, South Africa, Africa. Milken Institute, Center for the Future of Aging, California, USA. European Brain Council, Brussels, Belgium. Science of Learning in Education Center, Office of Education Research, National Institute of Education, Nanyang Technological University, Singapore. Institute of Cognitive and Translational Neuroscience (INCYT), INECO Foundation, Favaloro University, Buenos Aires, Argentina. Department of Neuroscience, University of Pennsylvania, Philadelphia, PA, USA.

Abstract summary 

The coming years are likely to be turbulent due to a myriad of factors or polycrisis, including an escalation in climate extremes, emerging public health threats, weak productivity, increases in global economic instability and further weakening in the integrity of global democracy. These formidable challenges are not exogenous to the economy but are in some cases generated by the system itself. They can be overcome, but only with far-reaching changes to global economics. Our current socio-economic paradigm is insufficient for addressing these complex challenges, let alone sustaining human development, well-being and happiness. To support the flourishing of the global population in the age of polycrisis, we need a novel, person-centred and collective paradigm. The brain economy leverages insights from neuroscience to provide a novel way of centralising the human contribution to the economy, how the economy in turn shapes our lives and positive feedbacks between the two. The brain economy is primarily based on Brain Capital, an economic asset integrating brain health and brain skills, the social, emotional, and the diversity of cognitive brain resources of individuals and communities. People with healthy brains are essential to navigate increasingly complex systems. Policies and investments that improve brain health and hence citizens' cognitive functions and boost brain performance can increase productivity, stimulate greater creativity and economic dynamism, utilise often underdeveloped intellectual resources, afford social cohesion, and create a more resilient, adaptable and sustainability-engaged population.

Authors & Co-authors:  Eyre Hynes Ayadi Swieboda Berk Ibanez Castelló Jeste Tempest Abdullah O'Brien Carnevale Njamnshi Martino Mannix Maestri Yu Chen Ng Volmink Ahuja Destrebecq Vradenburg Schmied Manes Platt

Study Outcome 

Source Link: Visit source

Statistics
Citations :  Brynjolfsson E, Unger G. The macroeconomics of artificial intelligence [Internet] Finance and Development, International Monetary Fund; 2023. [Retrieved 2024 Jan 8]. Available at: https://www.imf.org/en/Publications/fandd/issues/2023/12/Macroeconomics-of-artificial-intelligence-Brynjolfsson-Unger.
Authors :  26
Identifiers
Doi : 10.21315/mjms2024.31.1.1
SSN : 1394-195X
Study Population
Male,Female
Mesh Terms
Other Terms
brain health;brain science;brain skills;economy;finance;medicine;mental health;neuroscience;psychiatry;research
Study Design
Study Approach
Country of Study
Publication Country
Malaysia