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The Economics of Being Poor
Theodore W. Schultz (Author)
9781557863201, Wiley
Hardback, published 3 June 1993
356 pages
23.8 x 16.5 x 3 cm, 0.709 kg
The 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.
Acknowledgments Introduction PART I MOST PEOPLE ARE POOR 9 1 Nobel Lecture: The Economics of Being Poor 13 2 The Economics of Poverty in Low Income Countries 26 3 Investing in Poor People 41 4. Reflections on Poverty within Agriculture 54 5 Our Welfare State and the Welfare of Farm People 75 6 Economic Puzzles Pertaining to Poverty 84 PART II INVESTING IN SKILLS AND KNOWLEDGE 93 1. Investment in Human Capital 97 2. Capital Formation by Education 115 3. Rates of Return on Education 137 4 Resources for Higher Education 154 5 Reckoning Education as Human Capital 177 6 Equity and Efficiency in College Instruction 186 7. Are University Scholars and Scientists Free Agents? 216 8. Adam Smith and Human Capital 226 PART III EFFECTS OF HUMAN CAPITAL 237 1 Institutions and the Value of Human Capital 241 2 The Increasing Economic Value of Human Time 252 3. Woman's New Economic Demands 266 4. Children: An Economic Perspective 277 5. High Value of Human Time Population Equilibrium 290 6. Investment in Entrepreneurial Ability 296 7 A Long View of Increases in the Value of Human Time 310 Appendix 329 Index 337
Subject Areas: Economics [KC]
