Documents/MPI/Values


  • Value [1] Prosperity
    • We take an integrated view of prosperity, looking beyond economic measures to include the importance of quality of place and the development of people's creative potential.

  • Value [2] Economic Performance
    • First, we must transcend conventional concerns about economic growth to develop new theories and measures of economic performance. This will include measures of regional prosperity that go beyond the purely financial to address sustainability and social inclusion.

  • Value [3] Sustainability

  • Value [4] Social Inclusion

  • Value [5] Quality of Place
    • Second, we recognize that place is a significant factor in economic growth and prosperity. Whereas previous theories of growth have been based upon the nation-state, a key concern of our work will be new research, data sets and metrics that explore the location of economic development at the sub-national level, across units spanning cities, regions, mega-regions, provinces and states.

  • Value [6] Creative Potential
    • Third, creativity is the decisive source of competitive advantage for individuals, firms and jurisdictions. While this has been true from the Agricultural Revolution to the Industrial Revolution, we now recognize this more clearly and act upon this insight more systematically. Following Joseph Schumpeter in his path-breaking paper "The Creative Response to Economic History", we will not focus simply on how governments, firms, and individuals adapt to changing circumstances, but rather on how they "do something else, something that is outside of the range of existing practice." This includes: technological creativity (innovation); economic creativity (entrepreneurship); artistic creativity in cultural, music, entertainment and related sectors; and civic, political, institutional and organizational creativity.

  • Value [7] Innovation

  • Value [8] Entrepreneurship

  • Value [9] Culture

  • Value [10] Music

  • Value [11] Entertainment

  • Value [12] Civic Creativity

  • Value [13] Political Creativity

  • Value [14] Institutional Creativity

  • Value [15] Organizational Creativity