A theoretical and empirical analysis, with special reference to. These are all forms of capital in the sense that they are assets that yield income and other useful outputs over long periods of time. Becker, who won the nobel prize for having extended the domain of microeconomic analysis to a wide range of human behaviour and. A theoretical and empirical analysis, with special reference to education, published in 1964 and preceded by his 1962 journal of political economy article, investment in human capital, becker notes that he hesitated to use. As stated in the introduction to the first edition of his. In a prolific and illustrious career, the late gary becker 19302014 developed what he would later call the economic approach to human behaviour. In this class, becker expounds upon the theory of human capital that he helped create and for which he won the nobel prize. A theoretical and empirical analysis, with special reference to education, second edition. Gary becker, who greg mankiw rightly describes as one of the greatest economists, has passed away.
Lectures on human capital by gary becker this series of lectures recorded during the spring of 2010 are from econ 343 human capital, a class taught every year by gary becker at the university of chicago. Human capital gary becker first edition signed rare book. Gary beckers early work on human capital collaborations. Gary becker, and the theory of human capital economic. Recipient of the 1992 nobel prize in economic science, gary s. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education. In studies such as a treatise on the family 1981, becker analyzed the household as a sort of factory, producing goods. I published my first paper on investment in human capital in 1960. This cited by count includes citations to the following articles in scholar.
Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and. In this paper we will focus on beckers early work in. One of the most significant strands of that research was that which focused on human capital, occuping a significant part of his career, especially in his early years. Human capital is beckers classic study of how investment in an individuals education and training is similar to business investments in equipment. Becker to most people capital means a bank account, a hundred shares of ibm stock, assembly lines, or steel plants in the chicago area. The ones marked may be different from the article in the profile. I know beckers research indirectly, for the most part. In human capital 1964, he argued that an individuals investment in education and training is analogous to a companys investment in new machinery or equipment. The basic theory of human capital london school of. If you havent had the opportunity to read any of his work, there is a list of great openaccess papers at marginal revolution i was reading gary beckers encyclopedia entry at econlog. The first person who has introduced the concept of human capital is gary s.
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