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 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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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 8239.
Date of creation: Apr 2001
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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, vol. 61(02), pages 263-292, June.
- Goldin, Claudia, 2001. "The Human-Capital Century and American Leadership: Virtues of the Past," Scholarly Articles 2624681, Harvard University Department of Economics.
- 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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National Bureau of Economic Research, Inc, number gold90-1, December.
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- Daron Acemoglu & Joshua Angrist, 1999.
"How Large are the Social Returns to Education? Evidence from Compulsory Schooling Laws,"
99-30, Massachusetts Institute of Technology (MIT), Department of Economics.
- Daron Acemoglu & Joshua Angrist, 1999. "How Large are the Social Returns to Education? Evidence from Compulsory Schooling Laws," NBER Working Papers 7444, National Bureau of Economic Research, Inc.
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