 Jerry Bowyer is an economist for the Ronald Blue & Co. Investment Policy Committee, where he has helped to develop an approach to economics and investment known as Principled Reasoning.Principled Reasoning seeks to replace predominant academic models for portfolio risk assessment which are based on variability or volatility with models based on adherence with certain fundamental principles of human flourishing.According to a Principled Reasoning approach to risk, when nations violate fundamental principles they add inherent risk to their investment climate requiring higher risk premiums in valuations in order to compensate for the higher risk level.