Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education

Human Capital is Becker’s classic study of how investment in an individual’s education and training is similar to business investments in equipment. Recipient of the 1992 Nobel Prize in Economic Science, Gary S. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education. Becker’s research on human capital was considered by the Nobel committee to be his most noteworthy contribution to economics.

This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings.

“Critics have charged that Mr. Becker’s style of thinking reduces humans to economic entities. Nothing could be further from the truth. Mr. Becker gives people credit for having the power to reason and seek out their own best destiny.”—Wall Street Journal


Summary: Great resource
Rating: 5

This book is very technical in nature and not “a light read.” However, it is an essential resource for anyone interested in labor economics and human capital. Dr. Becker is brilliant. Highly recommend!

Summary: The principal book about Human Capital Theory.
Rating: 5

Recipient of the Nobel Prize in Economic Science, Becker has pioneered the aplication of economic analysis to human behavior in such areas as dicrimination, married, family, etc. This book is a classic study of the consequences of investing in a person’s knowledge and skills. According to his theory, investing in an individual’s education and training is similar to business investments in equipment.

One of the principal book about Human Capital Theory.