FAND vs CWoN — comparative analysis

How FAND's national balance sheets diverge from World Bank Changing Wealth of Nations.

Strawman. Real version embeds the Appendix E narrated video (rendered from John’s v6JOC edit + HeyGen_AppxE_v2 scripts) plus the key comparative charts.

FAND vs the Changing Wealth of Nations

John pioneered the Changing Wealth of Nations (CWoN) at the World Bank as part of MEP 1995. FAND is the continuation — what MEP 1995 would look like if you could rebuild it with modern data, modern compute, and the lessons of three decades watching what worked and what didn’t.

What’s different — the short version

• FAND’s balance-sheet identity is closed. CW = PA + NC + RW; RW = HR + SI, verified to $0.000000. The identity holds at every scale.
• FAND measures substantive rights (HR + SR) explicitly. CWoN treats human capital as residual; FAND derives it from a clean OLS production function (ln(RW_pc) = α + β₁·MYS + β₂·min(LE,65) + β₃·t, with N=10,031 country-years, R²=0.497).
• Cross-border is per-side, not net. CBA (gross foreign assets) and CBL (gross foreign liabilities) are independent stocks. No NIIP netting — the gross flows reveal exposure that nets to nothing.
• The IS-Branch Principle. Institutional infrastructure that conventional methodologies assume but don’t measure (rule of law, trust in courts, institutional capacity). FAND measures it inside SR.

What’s here at launch

• The Appendix E narrated video
• The comparative analysis charts (FAND vs CWoN for selected countries)
• Pointer to the full Appendix E working paper in /deep-dive/

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