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The Human Capital Century and American Leadership: Virtues of the Past

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Claudia Goldin
Abstract

The modern concept of the wealth of nations emerged by the early twentieth century. Capital embodied in people human capital mattered. The United States led all nations in mass postelementary education during the human-capital century.' 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 'virtues' as 'vices.'

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 8239.

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Date of creation: Apr 2001
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Handle: RePEc:nbr:nberwo:8239

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Find related papers by JEL classification:
J2 - Labor and Demographic Economics - - Demand and Supply of Labor
N3 - Economic History - - Labor and Consumers, Demography, Education, Income, and Wealth

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  1. Daron Acemoglu & Joshua Angrist, 1999. "How Large are the Social Returns to Education? Evidence from Compulsory Schooling Laws," Working papers 99-30, Massachusetts Institute of Technology (MIT), Department of Economics.
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  1. Peter Temin, 2002. "Teacher Quality and the Future of America," NBER Working Papers 8898, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Sascha O. Becker & Ludger Woessmann, 2007. "Was Weber Wrong? A Human Capital Theory of Protestant Economic History," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  3. Thomas S. Dee, 2003. "Are There Civic Returns to Education?," NBER Working Papers 9588, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. William K. Hutchinson, 2002. "Explaining United States International Trade, 1870-1910," Working Papers 0205, Department of Economics, Vanderbilt University. [Downloadable!]
  5. Fali Huang, 2006. "The Coevolution of Economic and Political Development," Working Papers 22-2006, Singapore Management University, School of Economics. [Downloadable!]
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  6. Fali Huang, 2007. "The Coevolution of Economic and Political Development from Monarchy to Democracy," Working Papers 07-2007, Singapore Management University, School of Economics. [Downloadable!]
  7. Guajardo, Guillermo, 2009. "Between the Workshop and the State: Training Human Capital in Railroad Companies in Mexico and Chile, 1850-1930," MPRA Paper 16038, University Library of Munich, Germany. [Downloadable!]
  8. Brian Snowdon, 2008. "Towards a Unified Theory of Economic Growth: Oded Galor on the Transition from Malthusian Stagnation to Modern Economic Growth," Working Papers 2008-4, Brown University, Department of Economics. [Downloadable!]
  9. Peter Rangazas, 2002. "The Quantity and Quality of Schooling and U.S. Labor Productivity Growth (1870-2000)," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(4), pages 932-964, October. [Downloadable!] (restricted)
  10. Sara Horrell, 2003. "The Wonderful Usefulness of History," Economic Journal, Royal Economic Society, vol. 113(485), pages F180-F186, February. [Downloadable!] (restricted)
  11. Sun Go & Peter H. Lindert, 2007. "The Curious Dawn of American Public Schools," NBER Working Papers 13335, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  12. Oded Galor & Omer Moav, 2004. "Das Human Kapital: A Theory of the Demise of the Class Structure," GE, Growth, Math methods 0410003, EconWPA. [Downloadable!]
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