Human capital
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Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process in business or trade. It encompasses employee knowledge, skil
An advertisement for labour from Sabah and Sarawak, seen in Jalan Petaling, Kuala Lumpur
Gary Becker
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Gary Stanley Becker was an American economist who received the 1992 Nobel Memorial Prize in Economic Sciences. He was a professor of economics and sociology at the University of Chicago, and was a lea
Human capital
…a check to investment. But the term only found widespread use in economics after its popularization by economists of the Chicago School, in particular Gary Becker, Jacob Mincer, and Theodore Schultz. The early 20th century Austrian sociologist Rudolf Goldscheid's theory of organic capital and the human economy…
Becker in 2008