Tag: human capital

Gary S. Becker: Human Capital

Gary S. Becker: Human Capital

Human capital refers to the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. "Schooling, a computer training course, expenditures on medical care, and lectures on the virtues of punctuality and honesty are capital too in the sense that they improve … Continue reading Gary S. Becker: Human Capital