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Local economies

Social Capital 2025: The hidden wealth of nations

13 Jan 2025

In this paper, Andy Haldane, RSA CEO and Professor David Halpern, President of the Behavioural Insights Team make the economic case for investment in social capital.

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Reviewing the evidence on the economic benefits of stronger relationships, networks and trust at the individual, community and national levels, The hidden wealth of nations argues that policymakers should adopt a social capital lens to unlock solutions to current and enduring socioeconomic challenges.

This paper is part of the Social Capital 2025 series, published by Demos in collaboration with Local Trust and 3ni.

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