Investment in Human Capital

By Theodore W. Schultz,

Book cover of Investment in Human Capital: The Role of Education and of Research

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Book by Theodore W. Schultz

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1 author picked Investment in Human Capital as one of their favorite books. Why do they recommend it?

Walter W. McMahon

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Theodore Schultz, a personal friend, was President of the American Economics Association, and Head of the Economics Department at the University of Chicago.

He is generally regarded as the father of Human Capital theory and analysis, is the one who hired Gary Becker from Columbia University, and his Presidential Address to the American Economics Association in 1960 is widely cited as the beginning of the human capital revolution in economics.

It transformed the fields of economic growth where modern endogenous growth models are currently the mainstream, the fields of labor economics, home economics, the economics of education, and is in…

From Walter's list on the returns of higher education.