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The Adam Smith address: education, labor force quality, and the economy. (Transcript)

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From: Business Economics
Date: 19920101
Author:Becker, Gary S.

Education and other human capital are

important in promoting economic growth

and a strong position in international

markets. The U.S. needs to upgrade its average

labor force quality. This paper presents a

number of proposals to accomplish this goal

that would not require a lot of public

spending but would better prepare the U.S. for

a world emphasizing information and skills

as well as stiffer competition from other

countries.

TO MANY OF YOU, capital means a bank account, 100 shares of IBM, assembly lines, or steel plants in the ...

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