The Human-Capital Century and American Leadership: Virtues of the Past
AbstractThe modern concept of the wealth of nations emerged by the early twentieth century. Capital embodied in peopleâ€”human capitalâ€”mattered. The United States led all nations in mass postelementary education during the â€œhuman-capital century.â€ The American system of education was shaped by New World endowments and Republican ideology and was characterized by virtues including publicly funded mass education that was open and forgiving, academic yet practical, secular, gender neutral, and funded and controlled by small districts. The American educational template was a remarkable success, but recent educational concerns and policy have redefined some of its â€œvirtuesâ€ as â€œvices.â€
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Bibliographic InfoPaper provided by Harvard University Department of Economics in its series Scholarly Articles with number 2624681.
Date of creation: 2001
Date of revision:
Publication status: Published in The Journal of Economic History
Other versions of this item:
- Goldin, Claudia, 2001. "The Human-Capital Century And American Leadership: Virtues Of The Past," The Journal of Economic History, Cambridge University Press, Cambridge University Press, vol. 61(02), pages 263-292, June.
- Claudia Goldin, 2001. "The Human Capital Century and American Leadership: Virtues of the Past," NBER Working Papers 8239, National Bureau of Economic Research, Inc.
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
- N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
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