Description
Book SynopsisThe Economics of Being Poor is mainly devoted to the economics of acquiring skills and knowlede, to investment in the quality of the population and to the increasing economic importance of human capital - the quality of the work-force embodied in the health, education and skills, including the entrepreneurial skills of the workers themselves. The volume is divided into three parts:
Most People are Poor, Invsting in Skills and Knowledge, and Effects of Human Capital. The Economics of Being Poor represents a remarkable testament to perhaps the most elegant stylist in post-war economics.
Table of ContentsPart 1 Most people are poor: Nobel lecture - the economics of being poor; the economics of poverty in low income countries; investing in poor people; reflections on poverty within agriculture; our welfare state and the welfare of farm people; economic puzzles pertaining to proverty. Part 2 Investing in skills and knowledge: investment in human capital; capital formation by education; rates of return on education; resources for higher education; reckoning education as human capital; equity and efficiency in college instruction; are university scholars and scientists free agents?; Adam Smith and human capital. Part 3 Effects of human capital: institutions and the rising economic value of man; the increasing economic value of human time; woman's new economic demands; children - an economic perspective; high value of human time population equilibrium; investment in entrepreneurial ability; a long view of increases in the value of human time.
