The Russian Paradox: So Much Education, So Little Human Capital
(theamericanenterprise.com)
Ever since Nobel laureate T. W. Schultz’s foundational 1960 lecture on “human capital,” economists have documented the importance of “investing in human beings” and the crucial role that education plays in economic development.
Ever since Nobel laureate T. W. Schultz’s foundational 1960 lecture on “human capital,” economists have documented the importance of “investing in human beings” and the crucial role that education plays in economic development.