The Economics of Being Poor
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.
Theodore W Schultz is Charles L Hutchinson Distinguished Service Professor Emeritus at the University of Chicago. His Nobel Prie for Economics was received in 1979 for his 'pioneering research into economic development ... with particular consideration of the problems of developing countries.' He is the author of numerous books and articles including Restoring Economic Equilibrium (Blackwell, 1990) and Origins of Increasing Returns (Blackwell, 1993).
