Although it is obvious that people acquire useful skills and knowledge, it is not obvious that these skills and knowledge are a form of capital, that this capital is in substantial part a product of deliberate investment, that it has grown in Western societies at a much faster rate than conventional (nonhuman) capital, and that this growth may well be the most distinctive feature of the economic system.
American economist
Theodore William "Ted" Schultz (30 April 1902 – 26 February 1998) was an American economist and chairman of the University of Chicago Department of Economics, who was the 1979 winner, jointly with William Arthur Lewis, of the Nobel Memorial Prize in Economic Sciences.
From: Wikiquote (CC BY-SA 4.0)
Native Name:
Theodore William Schultz
Alternative Names:
Theodore W. Schultz
•
Teodoro Guillermo Schultz
From Wikidata (CC0)
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