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Document Mentions (2)
Free Growth and Other Surprises.pdf
1 mentionHOUSE_OVERSIGHT_010912_sub_001 - HOUSE_OVERSIGHT_011011
Source: House Oversight Committee
future lifetime pay. Adam Smith in 1776 saw it equivalently as accumulated past investment in nurture and schooling. The Americans Irving Fisher and Frank Knight revived both ideas in the early 20" century. The tempo picked up after World War IJ at the University of Chicago. Jacob Mincer rederived Fisher’s pre
Free Growth and Other Surprises.pdf
1 mentionHOUSE_OVERSIGHT_010912_sub_002 - HOUSE_OVERSIGHT_011111
Source: House Oversight Committee
se, which is a capital fixed and realized, as it were, in his person. The conversion of some consumption into human capital was a favorite theme of Frank Knight a generation before Schultz. Only the rest is what Schultz called pure consumption eliminated from the economy in satisfying tastes. Becker added in
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