Here are 100 books that Investment in Human Capital fans have personally recommended if you like
Investment in Human Capital.
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I've always been interested in trying to make the world a better place, increasing the well-being of families and nations, and not just in making private profit for myself or for some employer. In working as a consultant on education and development in 22 different countries, many of them poor and developing such as Nepal, Malawi, and Indonesia, I've seen a lot of poverty and inequality, and have also come to see how education, including its effects on fertility rates, health, longevity, the survival of democratic institutions and so forth and especially its financing is at the heart of making lives better, especially for children who are the future of each family and each nation.
I recommend this collection of articles because it gives a readable and clear view of the connection of the benefits of education to education finance and brings in for the first time the distribution of both the benefits and the costs of education.
Kern Alexander is well known as the father of equity as it relates to education and education finance. His article on the “Concept of Equity in School Finance” which is Chapter 10 in his book sets the stage for 9 additional articles that follow on essentially all of the key aspects of distribution of the benefits among children and families and of costs among families and taxpayers.
This follows the nine Chapters on economic efficiency in education, which explore in greater depth many of the aspects already introduced above. These include the “Human Capital Approach” by Theodore W. Schultz, “The Social and Economic Externalities of Education”, “The…
This book concerns the rationale for efficient investment of public financial resources in public schools and the equitable deployment of those resources. It is a collection of the writings of scholars who have turned their attention to these issues and have published thoughtful articles in the Journal of Education Finance and its predecessor organization, The National Educational Finance Project. The Journal of Education Finance has been published for 33 years and over that long period has been the source of many outstanding articles of which the chapters in this book are representative. The 19 chapters were chosen because they combine…
I've always been interested in trying to make the world a better place, increasing the well-being of families and nations, and not just in making private profit for myself or for some employer. In working as a consultant on education and development in 22 different countries, many of them poor and developing such as Nepal, Malawi, and Indonesia, I've seen a lot of poverty and inequality, and have also come to see how education, including its effects on fertility rates, health, longevity, the survival of democratic institutions and so forth and especially its financing is at the heart of making lives better, especially for children who are the future of each family and each nation.
I strongly recommend this book because it is clearly written, explains the methods of estimation, and provides an excellent overview of the extensive worldwide research on the returns to education based on earnings.
It certainly influenced me. It had a massive impact on World Bank lending policies in support of economic development in developing countries. It replaced the kinds of Bank physical capital investment policies such as those supporting dam construction, projects that included educating only for a few people on how to operate dams, with education sector-wide loans that support primary and junior secondary education of the labor force.
Some of these dams later washed out, and forests were destroyed in support of development. The book shows how the returns to investment in primary and secondary education are higher in developing countries where the labor force is often nearly illiterate than they are to investing in other higher levels…
Hardback. Jacket a little sunned, worn, with several small nicks along top edge. Boards a little worn at edges only. Previous owner's name label on front endpaper; contents otherwise clean and sound throughout. TPW
I've always been interested in trying to make the world a better place, increasing the well-being of families and nations, and not just in making private profit for myself or for some employer. In working as a consultant on education and development in 22 different countries, many of them poor and developing such as Nepal, Malawi, and Indonesia, I've seen a lot of poverty and inequality, and have also come to see how education, including its effects on fertility rates, health, longevity, the survival of democratic institutions and so forth and especially its financing is at the heart of making lives better, especially for children who are the future of each family and each nation.
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 just exist in theory.” Gary Becker died in 2014. He was 83.
This is a ‘must read’ for any person seriously interested in Human Capital, Labor Economics, the Economics of Education, or other fields that have been or are being revolutionized by human capital theory and empirical research. For others…
"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 and returns from college and high school education. Another part of the study explores the relation between age and earnings. This edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labour, economic considerations within the family, and inequality in earnings.
Inequality and fairness are basic issues in human conflict and cooperation that have long fascinated me. Growing up in Louisville, Kentucky, I was confronted with the extreme racial segregation of schools and neighborhoods. My Catholic upbringing taught me to cherish the cardinal virtues of justice, wisdom, courage, and temperance, and my education in political economy taught me that markets can fairly and efficiently allocate resources, when legal power is evenly shared. My formal education culminated in a Ph.D. in Public Affairs from Princeton University, which led me to my current roles: Non-resident Senior Fellow at the Brookings Institution and Principal Economist at Gallup. I care deeply about the social conditions that create cooperation and conflict.
To understand why some workers are paid more than others, you have to understand how skills are valued and rewarded in the labor market, and how that has changed, as the economy has evolved.
Focused on the United States, Katz and Goldin provide a sweeping overview of how education leads to skills and income, drawing on the most well-established theories in economics. It misses some important causes of inequality, but is essential for understanding the one of the deepest economic forces governing wages: the supply and demand of human capital.
This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system is what made America the richest nation in the world. Its educational system had always been less elite than that of most European nations. By 1900 the U.S. had begun to educate its masses at the secondary level, not just in the primary schools that had remarkable success in the…
I’m fascinated by systems of thought and very interested in understanding how we can improve our ability to create a better society for all. I think the past makes a good laboratory for investigating these kinds of questions. I got interested in early modern economic theory while researching the English East India Company for my dissertation in the sociology department of Columbia University, which was a great place for historical and computational sociology. I now teach economic sociology and theory as a professor at Yale University, another institution with amazing strengths in history, data science, and computational methods.
Tribe is a master of his subject, and this book has the feel of a magnum opus. It is densely packed and full of interesting tidbits, and you will be amazed at just how recent economics really is. The added bonus is all the insight into the development of the modern research university. I am in the middle of this book as it just came out, but the scale of the contribution (large) is already clear.
An accessible account of the role of the modern university in the creation of economics
During the late nineteenth century concerns about international commercial rivalry were often expressed in terms of national provision for training and education, and the role of universities in such provision. It was in this context that the modern university discipline of economics emerged. The first undergraduate economics program was inaugurated in Cambridge in 1903; but this was merely a starting point.
Constructing Economic Science charts the path through commercial education to the discipline of economics and the creation of an economics curriculum that could then…
I am an economics professor who believes my profession has important things to contribute to society but has done a poor job. My colleagues spend much of their time writing esoteric articles that 6 other academics will read, and one in a million will actually improve the lives of people. I consider myself a “blue-collar academic”; I am basically a farm kid (still live on a small farm) with a bunch of degrees attempting to bring good economic insights to more people so those ideas can be applied and used by real people living real lives so I am always on the search for others who are doing just that.
I do not read romance novels; they're not my thing, except this one. I found this book to be charming and an easy read. It delivers good ideas in a format that is so missing these days: earnest conversation between people who respect each other despite differences, a respect that grows into a romance.
I thought this was a fun read, I found myself rooting for the characters, hoping things worked out and the economics is delivered in easy chunks and not preachy or overbearing and a natural part of the story.
A lively, unorthodox look at economics, business, and public policy told in the form of a novel.
A love story that embraces the business and economic issues of the day?
The Invisible Heart takes a provocative look at business, economics, and regulation through the eyes of Sam Gordon and Laura Silver, teachers at the exclusive Edwards School in Washington, D.C. Sam lives and breathes capitalism. He thinks that most government regulation is unnecessary or even harmful. He believes that success in business is a virtue. He believes that our humanity flourishes under economic freedom. Laura prefers Wordsworth to the Wall…
I’m an economics professor, but I also have a column in Australia’s leading financial newspaper so I really appreciate authors who can tackle complex topics in an accessible manner. I’m also both extremely interested in and do academic research on topics to do with technologies like two-sided platforms, cryptocurrencies, blockchain, and artificial intelligence. All these books made me think harder about the big issues in these areas, and how to combine rigorous research with what is actually happening—often at breakneck speed—in the real-world digital economy.
Many people have heard of Bitcoin’s “proof of work” (POW) consensus protocol which involves using huge amounts of energy to solve cryptographic problems. Some of us have also heard of “proof of stake”, an alternative to POW now used by the second largest cryptocurrency, Ether. What Joshua’s book taught me was the similarities and linkages between these two different ways of running a blockchain.
By focusing on the economics, not just the technology, of different consensus protocols, we learn about fundamental issues like the “cost of computational trust”, the future of consensus protocols, and indeed the future of cryptocurrencies.
Blockchain technologies have been rapidly adopted for the creation of cryptocurrencies and have been explored for a myriad of applications. While this is of important economic interest, the computer science behind how blockchains operate to provide security and provenance has been largely inaccessible to economists. This book is a bridge between the computer science and the economics of blockchains.
The focus is on the value and the achievement of blockchain consensus; that is, how distributed and independent nodes are able to reach an agreement on what the current state of digital ledgers, that are the product of blockchains, are. The…
I’ve studied Smith and his Scottish contemporaries, off and on, for over fifty years. My whole professional career has been spent at Glasgow University where Smith was both a student and later professor. I thus have a personal affinity to him and his work, all the more so because his published writings were all trailed in his professorial classroom. While I have published extensively on Smith, the particular book of mine that I’ve selected was chosen because I wanted to distill all my scholarship into a volume that would be accessible to non-academics.
This is a lively and engaging book that bears its learning lightly. That stylistic presentation is coupled with a broad agenda to counter common assumptions and distortions about Smith, with the aim, as Muller himself declares, to recover Smith’s own intentions from subsequent misreadings.
While opinionated it is even-handed, neither bland nor strident. What singles out this book and what I found distinctively insightful was a lengthy discussion of the differing receptions of Smith’s work in the two-hundred years since his death.
Counter to the popular impression that Adam Smith was a champion of selfishness and greed, Jerry Muller shows that the Inquiry into the Nature and Causes of the Wealth of Nations maintained that markets served to promote the well-being of the populace and that government must intervene to counteract the negative effects of the pursuit of self-interest. Smith's analysis went beyond economics to embrace a larger "civilizing project" designed to create a more decent society.
We are the academic and creative directors at the Stanford d.school. Our students study design, but they really hope to navigate a world of unknowns and make their way to a better future. We believe the best way to do that is not to limit yourself to a single domain or area but to find new possibilities in the overlaps, patterns, and discoveries that linger between ideas. We love books that stretch us beyond the design domain and into new places of inspiration and investigation. The ones on our list have all delighted us with their ability to reframe our thinking about design, even though none are squarely about the topic.
Kate Rayworth speaks our language. This book explains how to develop an economy that takes human and planetary flourishing into account and, most importantly, explains how we might think differently to get there.
This is a 300-plus-page book about economics—to be honest, even we haven't finished it cover to cover—but we feel a little bit wiser and more hopeful every time we crack it open!
800-CEO-Read "Best Business Book of 2017: Current Events & Public Affairs"
Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times.
Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.
That's why it is time, says renegade economist Kate Raworth,…
What could be cooler to a kid growing up in the 1960s and 1970s than the Civil War? TV spoon-fed us westerns—Bonanza, F-Troop, The Lone Ranger, and The Wild, Wild West. Many of the stories were set during the Civil War or had characters molded by it. And then, somewhere in the mid-1960s, my parents took me to a civil war reenactment. Guns cracked. Cannons boomed, and men fell. I was hooked. I’ve devoured every Civil War book I could get my hands on for the past fifty years and watched every movie remotely connected to the subject. So, it’s only natural I wrote a book about it.
We often think about the Civil War in terms of battles, casualties, and fatalities, which isn’t surprising as war is always considered a bloody business sprinkled with death and destruction. However, many historians overlook that it wasn’t just bullets that won the war. Technological innovations changed the battlefield. For example, Samuel M. Pook teamed up with John Eads to design a new style of armored battleship—dubbed Pook’s Turtles. Just weeks after the gunboats were commissioned, they enabled Ulysses S. Grant and Admiral Andrew Hull Foote to take Forts Henry and Donelson. Later, the fleet assisted John Pope in taking Island 10 and again in the Vicksburg campaign.
Christopher Spencer developed a repeating rifle that fired seven balls in quick succession. Abraham Lincoln’s first test determined the gun was a dud. However, the second test went off without a hitch, and the war department ordered 2,000 Spencer Rifles. Many other…
Before the Civil War, America had undergone a technological revolution that made large-scale industry possible, yet, except for the expanding reach of railroads and telegraph lines, the country remained largely rural, with only pockets of small manufacturing. Then the war came and woke the sleeping giant. The Civil War created a wave of unprecedented industrial growth and development, producing a revolution in new structures, ideas, and inventions that sustained the struggle and reshaped America.
Energized by the country's dormant potential and wealth of natural resources, individuals of vision, organizational talent, and capital took advantage of the opportunity war provided. Their…
