Present an overview of the early contributors to the concept of &lsquo

Question

Present an overview of the early contributors to the concept of ‘human capital’.

06 Jul 2022

Answer :

Word Count : 367

The earliest idea of human capital can be traced back at least to Adam Smith in the 18th century. The modern theory of human capital was popularised by Gary Becker, Theodore Schultz, Robert Lucas and Paul Romer. Initially, only education was considered as human capital. But later, Becker pointed out that accumulation of knowledge capital depends also on the health status _______ _________ __________ ________ ___ ___ __________ _______ __________ __________.
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