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International Institute of Management > Board of Advisors


Med Jones - USA

Med Jones (Yones)

Med Jones is the president of International Institute of Management – A U.S. based education and consulting organization. He specializes in asymmetric strategy application in the fields of investment, technology, business and economics. His work is widely referenced by the financial media and academic researchers. 

Who Predicted the Financial Crisis | Economic Crisis | Debt Crisis | Currency Crisis Industry Recognition:


Happiness Economics & Public Policy


Government Policy: In The Pursuit of Personal and Political Happiness
The metric used by Med Jones is based on a series of statistical measurements and public opinion testing of what he calls economic wellness...Economic Wellness include issues like consumer and national debt, fairness of income distribution, and the relationship between and earnings and prices.....Perhaps Mr. Cameron and President Sarkozy will discover that there are certain universal truths attached to what makes people and nations happy.

Alastair John Campbell,
Director of Strategy
for UK Prime Minister, Tony Blair
(United Kingdom)

UK Government Tony Blair - Alastair John Cambell


Report for Congressman Hansen Clarke
Findings & Recommendation: Congress should prescribe the broad parameters of new, carefully designed supplemental national indicators; it should launch a bipartisan commission of experts to address unresolved methodological issues. … Med Jones’ (proposal)..to measure a generalized GNH by assessing seven different areas of wellness: economic, environmental, physical, mental, workplace, social, and political. Most wellness areas include both subjective results (via survey) and objective data.

Ben Beachy & Justin Zorn
John F. Kennedy School of Government
Harvard University



A New Socioeconomic Development Framework

For the past eight decades many scientists and politicians have recognized the limitations of Gross Domestic (GDP) and GNP centered public policy. However, only in the last decade the world has seen a real advancement in providing an alternative to GDP development model... Gross National Wellbeing or GNW, (Jones, 2005) a.k.a Gross National Happiness (GNH)...a policy making and measurement tool centered on mental and physical health and wellbeing with an integrated framework that measures subjective and objective wellbeing covering economic, health & safety, social and education, and government...After 2005, the research on the subject exploded. Several public, academic and private initiatives were launched by famous economists and organizations...After studying the literature, all initiatives from 2009 until 2016 use similar frameworks with similar dimensions, just rearranged or presented in different ways to suit the perspective of the authors...

The growing popularity and the influence of the GNW governance and development framework shows that it has raised the consciousness of many policy makers and millions of people regarding what really matters in terms of actionable public policies nothing is more important than mental and physical well-being. GNW can be used at the individual level, at the regional level as well as the national level. All investments of public time, effort, money and projects should be tested against this integrated multidimensional model instead of the production based model (GNP).

Permanent Secretary, NACC-CAMEROON

Gross National Well-Being (GNW) a.k.a. Gross National Happiness



Government of Goa: 2035 Vision and Roadmap
Happiness is treated as a socioeconomic development metric in 2006 by Med Jones. He tracked seven development areas. [The development council] proposes that Goa should become the first state in India to start the process of measuring happiness .. Goa considers this to be the most critical socioeconomic development Indicator. The council also wishes Goa to be not only the happiness state in India but the world.

Med Jones - Happiness Economics - GNH - Goa, India
Report to Chief Minister (page 111)
Chairman and Members of the Goa Development Council
Government of Goa, India


Rethinking Policy Intervention: Green Growthh
A second generation version of GNH proposed an index function of economic, environmental, mental, physical, workplace, political, and social wellness...Similar to Europe 2020, the Asian Development Bank (ADB) has put an initiative called Strategy 2020 forward. In the past few decades, Asia and the Pacific region have been experiencing rapid growth. But concerns regarding the inclusiveness, sustainability and environmental impact demands a new development approach, innovative thinking and cooperative actions.A second generation version of GNH proposed an index function of economic, environmental, mental, physical, workplace, political, and social wellness...Similar to Europe 2020, the Asian Development Bank (ADB) has put an initiative called Strategy 2020 forward. In the past few decades, Asia and the Pacific region have been experiencing rapid growth. But concerns regarding the inclusiveness, sustainability and environmental impact demands a new development approach, innovative thinking and cooperative actions.

Med Jones - Well-being & Happiness Economics - Nepal

Bhishma Bhusal, PhD Economics
Under Secretary at National Reconstruction Authority
Government of Nepal



Dubai Government
His kind participation [in the forum] which has had significant impact on helping in people's happiness, serving community, and for social partnership.

Dubai Government - UAE - Happiness Economics - Med Jones
Major General Mohammed Al Marri
Head of the commission for social development
Director General, GDRFA
Dubai, UAE


Joint Strategic Needs Assessment:
Key Findings and Recommendations (Well-being / Happiness)
There is a strong argument for gaining a better understanding of the happiness of a population. Jones states that the “mental and emotional well-being of citizens improves their performance and broadens the intellectual, physical and social resources of a nation.” ...Happiness and wellbeing are inexplicably linked to health, mental health as well as economic factors....The work of the public sector as a whole is to reduce unhappiness.

Med Jones - Wellbeing & Happiness Economics - GNH - England
England, United Kingdom
JSNA Steering Board



Lunch with a Leader: How to Be Happy..A Decade of Happiness Study

If there’s one thing that Med Jones, one of the few economists to predict the Great Recession of 2008, wants the world to know, it’s how to be happy... Jones set out to explore a subject that many purveyors of ‘the dismal science’ usually deem untouchable... “Unless you provide them [economists] with the framework to manage and track the well-being and happiness of their people they’re not going to do anything about it,” he says...[Jones has] a level of insight into happiness that might rival that of an ancient sage.

Med Jones - Happiness Economics - Al-Arabiya News

Paul Crompton, Journalist
Al Arabiya News Channel
Saudi Arabia


Pioneering Economists
In 2005, Med Jones, an unorthodox American economist, proposed what might be the most important contribution to global socioeconomic development and public policies. He introduced the first Gross National Happiness / Well-being (GNH / GNW) model that utilized a multidimensional development framework and created the first global GNW / GNH Index as a progress measurement tool. The GNH Index served as a blueprint for later well-being development frameworks and happiness econometric models…

Prominent economists that followed in this economist's footsteps are Joseph Stiglitz (USA), Amartya Sen (India), Jean-Paul Fitoussi (France). In 2009, they published a report commissioned by (former) President of France, Mr. Sarkozy, calling for a global "statistical system which goes beyond commercial activity to measure personal well-being”. In the same year, the famous Gallup Poll launched a global well-being index survey based on a subset of the global GNH Index. In 2014 the renowned Michael Porter launched the social progress Index (SPI).

Sara Stenberg
Senior Research Fellow
GNH Institute




GNH Instead of GDP?
Med Yones, president of International Institute of Management, moved the concept of the GNH to another level, treating it as a socioeconomic development metric.

Maureen Morgan
Westfair Online


Psychology Today
The enhancement of current data-based indices for annual reporting on state and regional levels of sustainable peace. This project could build on the Global Peace Index for measuring and reporting on sustainable peace worldwide, but integrate promotive, pro-social assessments. This initiative could be informed by such initiatives as the Gross National Happiness Index (Med Jones, 2006), the eight bases of a Culture of Peace (UN Resolution A/RES/52/13), and the Peace Scale (Klein, Goertz & Diehl, 2008).

Professor Dr. Peter T. Coleman
Director of the ICC and Conflict Resolution
Columbia University


Real Solutions for a Troubled Economic System

Med Jones, President of International Institute of Management proposed tracking seven wellness areas (for Gross National Happiness)

 Real Solutions for Troubled Economic Systems - Philip Kotler

Prof. Philip Kotler, PhD
Kellogg School of Management
Northwestern University


Sustainable Consumption Research and Action Initiate

A professor of economics Deirdre McCloskey (Chicago University) argues that a sense of happiness are the words of particular moment but the first Gross National Happiness (GNH) Survey analysed satisfaction of people using seven different indicator (Jones).... there is an apparent difference in providing social wellbeing by GDP and GNH indexes: the first one reflects material and economic wealth, the second one social aspect, i.e. satisfaction with life in general.

Med Jones - Happiness & Well-being Economics - Europe
Aija Freimane, Professor
Research Proceedings, Latvia


American Society of Public Administration - Environmental Policy

GNH, like ecological economics, embraces a systems approach, connecting many components of the the human system in order to determine overall happiness

Prof. Chad McGuire
University of Massachusetts, Dartmouth

U Mass USA - Med Jones 



Investment & Financial Economics


What May and Can Be Forecasted?

Dr. Bernanke (Federal Reserve Chairman) indicated that the economic models used at the Fed were little better than random... 97% of economists surveyed by the Federal Reserve Bank in Philadelphia in November 2007 forecasted a positive growth rate for 2008...Between mid-2006 and early 2007 Med Jones of the International Institute of Management published a series of papers in which he argued that economic growth was less sustainable than commonly thought, fueled by household debt and a housing bubble. In March 2007, he indicated to Reuters ...stock market sell off. In early 2009, he also accurately predicted the bottom of the recession and anticipated modest recoveries in 2010 and early 2011...Third, and most importantly, with the exception of Med Jones, the three other forecasters, lack unblemished forecasting record.

Med Jones - Most Accurate Economic Forecast - Columbia Business Press





Rational Investing Book
Columbia University Press
 Hugues Langlois, Professor of Finance at HEC Paris
Asset Pricing and Investment Management Research 
Jacques Lussier, Chief Investment Strategist
Desjardins Global Asset Management
$74.8 Billion Asset Management


Does Stock Forecasting Work?
"Top economists and investors alike failed to see it (financial crisis) coming...(George Soros.. Warren Buffett.. Ben Bernanke.. Alan Greenspan.. Paul Volcker..) But just when you think that such foresight is outside the reach of common man, some prognosticator emerges with a specific contrarian view and then with eerie accuracy hits the nail on the head. Take for instance, the small group of esteemed economists and financial managers that called the housing crisis.....Then there is Med Jones, the president of the International Institute of Management... Although Jones is less known, he turned out to be the most accurate in predicting many of the downturn’s details."
The Smarter Investor
US News & World Report
Steve Beck
Venture Capitalist
Board Member (Nasdaq:BIDU)
$58 Billion Market Cap 

What did he tell the world's wealthiest families in Geneva?

Campden Conferences
Campden Wealth Management



"..A prescient prediction...Yones said: It is true that the US economy grew at 3.5 percent rate in 4th quarter of 2006, but the economic real growth is much less than advertised. Since 2001, economic growth has been largely fueled by rapid increases in asset prices (housing bubble) and expanding consumer debt rather than development projects, which results in non-sustainable and unhealthy (debt-driven) growth...Many Americans refinanced their homes during the real-estate boom to pay for living expenses. With the expected housing bubble bust (declining housing values), Americans could lose a significant part of their savings"

Bubbles, Booms and Busts (Book)
The Rise and Fall of Financial Markets
Donald Rapp, PhD

Follow the doomsayer?...often economists simply get it wrong.
One of the financial experts reviewed in the research, who seems to more consistently and accurately forecast economic events, is called Med Jones.(He says) "The truth is that when people invest on Wall Street, they are essentially making bets and guesstimates about the future."
Simon Danaher
BNP Securities

BNP Paribas Securities Services

Med Jones, the American expert who predicted the financial crisis and for years warned about US uncontrolled public and consumer debt.
The Financial Crisis in Historical Respective (Research Paper)
Claus Norbjerg Sondergaard
Copenhagen Business School


Complexity is a sign of intelligence. Simplicity is a sign of wisdom
Applied Network Analytics
Prof. Dr. René Algesheimer
Chair of Marketing and Market Research
Zurich University
University of Zurich

"Noted financial wizard...accurately predicted the US economic crisis of 2008.. It was indeed one of the best analysis I have read about the global economy in my 23 years as journalist"
Srinivasan L, Chief Reporter,
Daily Tribune

"Every decade or so, a few geniuses are discovered. For years they work hard trying to solve incredibly complex problems, they labor in relative obscurity until they achieve great results. At first they are ignored, dismissed or ridiculed by their peers, later they are recognized for their exceptional abilities and achievements. These exceptional experts saw what most of the world failed to see".

Economic Predictions Research Project
Angela Mokovich
Wall Street Economists


"Med Jones provided best economic predictions"

Mihai Banita
Money TV


"A financial advisor...a market analyst with great knowledge of socio-economic matters.. he was among those who were able to predict the financial crisis that hit the United States three years ago"

Daniele Chicca Journalist
Wall Street Italia



"Economic Prediction from Horse's Mouth"

Carol Carter, Award-winning Business Journalist, 
Atlanta Business Chronicle



If there is a financial guru in the United States, it would have to be Med Yones, president of the International Institute of Management. He is one of the few experts who predicted the nation’s current economic downturn. In fact his economic predictions are generally considered to be the most accurate. What does he foresee in his crystal ball for 2010?  

Patricia C. Ress
Gazette Reporter
"Predicted the US economic crisis"

World Finance Magazine


"Insight into a financial crisis.. Investment adviser predicted the U.S. real estate collapse"

Claire Compton
The Prague Post
(Czech Republic)


"Very useful insight into how we got into this mess in the first place..(he) waved a lot of red warning flags back in 2007 about the economic glide path we were on as a nation and as a global community. He was in the minority back then – now, however, Jones is mainstream....Information leads to knowledge and knowledge, as we all know, is power. So maybe some of Jones’ projections here be put to good use"
Sean Kilcarr, Senior Editor
 FO Magazine

"Investing in innovation industries is the only sustainable way out of the crisis, said Med Jones, one of the few experts who predicted the economic crisis
Jana Gavare
Daily Business Magazine

Economic expert promises speedy global recovery'"
Eugenia Vlasova, Journalist
Internovosti Russian News Agency


"European CEO learns about CEO best practices... A highly respected executive leadership coach”

European CEO Magazine

"How to Evaluate a CEO?"

Korea CEO Magazine

"How to Evaluate the Board of Directors?"

CEO Magazine

CEO Magazine Australia


"Business leaders who have distinguished themselves not only in their profession...who have made the Las Vegas a better place to work and live.

Rob Langrell,  Editor
InBusiness Las Vegas Magazine




Independent thinker.. warned us about the crisis.. a solution to the crisis

Gary Anthony Ramsay
President, NY Association of Black Journalists


Med Jones Bio

Jones is recognized as one of the few experts who predicted the US financial crisis. In his 2006 research paper, U.S. Economic Risks and Strategies, he warned about several socioeconomic risks in the decade of 2007 to 2017.  In Jan 2007 he published a white paper challenging the US President’s State of the Union Address, the Federal Reserve Chairman and the popular opinion of mainstream economists. He warned about the US financial crisis of 2008 caused by the housing bubble and the subprime mortgages, followed by socioeconomic challenges driven by rising national debt, consumer debt, the social security deficit, inflation and currency crises. His statements and predictions are followed by many investment advisors around the world.

Jones is one of the pioneers of happiness economics. He is recognized for the introduction of the
Gross National Happiness / Well-being (GNW / GNH) Index in 2005. His original proposal launched a series of similar economic development frameworks. The first GNW / GNH Index created a blueprint for future happiness indices and a basis for several policy recommendations that followed. To learn more, please visit:
Gross National Happiness / Well-being (GNW /GNH) Research Page

He provides strategy consulting and education to governments and the global Fortune 1000 companies.


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Last Updated: March 5, 2017.