Theodore Schultz: Human

Theodore Schultz was American economist. Explore interesting quotes on human.
Theodore Schultz: 30   quotes 1   like

“Activities that improve human capabilities [can be divided into] five major categories: (1) health facilities and services, broadly conceived to include all expenditures that affect the life expectancy, strength and stamina, and the vigor and vitality of a people; (2) On-the job training, including old-style apprenticeship organized by firms; (3) formally organized education at elementary, secondary and higher levels; (4) study programs for adults that are not organized by firms, including extension programs in agriculture; (5) Migration of individuals and families to adjust to changing job opportunities.”

Theodore Schultz

Source: "Investment in human capital," 1961, p. 9

Life , People , Health , Education

“Much of what we call consumption constitutes investment in human capital. Direct expenditures on education, health, and internal migration to take advantage of better job opportunities are clear examples. Earnings foregone by mature students attending school and by workers acquiring on the-job training are equally clear examples.”

Theodore Schultz

Source: "Investment in human capital," 1961, p. 1

Health , Education , School , Training

“Investment in human capital accounts for most of the impressive rise in the real earnings per worker.”

Theodore Schultz

Source: "Investment in human capital," 1961, p. 1

“Human beings are incontestably capital from an abstract and mathematical point of view.”

Theodore Schultz

Source: "Investment in human capital," 1961, p. 3

Mathematics