Cognitive economics and IQ: a foreign view

• V. S. Shibaev. Vladivostok State University of Economics and Service. Vladivostok. Russia

This article analyzes studies on how such macropsychological parameters as the average IQ can affect the economic potential and development of the state's economy. The article gives an overview of both the main foreign large works on this topic (since these studies
are most common at the moment in the Anglosphere, in particular, in the USA), their criticism, including statistical verification and its interpretation. The data presented in this analysis speaks in favor of the fact that it is such a psychological variable as the average IQ
(both at the individual and at the group level) can moderate and predict GDP and other economic indicators.

Keywords: cognitive abilities, intelligence, IQ, GDP, economic development, cognitive economics, cognitive capitalism.