Human Capital
Book description
"Human Capital" is Becker's study of how investment in an individual's education and training is similar to business investments in equipment. Becker looks at the effects of investment in education on earnings and employment, and shows how his theory measures the incentive for such investment, as well as the costs…
Why read it?
1 author picked Human Capital as one of their favorite books. Why do they recommend it?
This book is a classic. Gary Becker received the Nobel Prize in Economics in 1992 for his work on Human Capital, (as had TW Schultz).
This book was near the beginning of Gary Becker’s very productive life and launched a well-known wave of research and innovation that has by now had major impacts on many branches of economics such labor economics, international trade, economic growth, home economics, and now economic development.
He received the Medal of Freedom from George W. Bush at the White House in 2007 where President Bush said “Professor Becker has shown that economic principles do not…
From Walter's list on the returns of higher education.
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