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I conclude by listing several main points of this essay: 1. Human capital is of great importance in the modern economy. 2. Human capital has become o… - Gary Becker
" "I conclude by listing several main points of this essay:
1. Human capital is of great importance in the modern economy.
2. Human capital has become of much greater significance during the past two decades.
3. Human capital is crucial to the international division of labor.
4. Much unmeasured learning goes on in companies and by adults.
5. People need to invest in themselves during their whole lives.
6. Distance learning will become of crucial importance to the teaching and learning process.
7. Human capital stimulates technological innovations and the high-tech sector.
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About Gary Becker
Gary Stanley Becker (December 2, 1930 – May 3, 2014) was an American economist and a professor of economics and sociology at the . Described as “the most important social scientist in the past 50 years” by the New York Times, Becker was awarded the Nobel Memorial Prize in Economic Sciences in 1992 and received the United States Presidential Medal of Freedom in 2007.
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Gary Stanley Becker
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[ Milton Friedman was] the dominant member of the so-called Chicago school of economics [during his tenure at Chicago]... The economics department increasingly reflected his approach and interests. These included deep commitment to the truth, appreciation of markets and free enterprise, frank and blunt discussion, and enormous zeal to convince the heathen. But most important was the commitment to economic analysis as a powerful instrument for interpreting economic and social life.
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