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

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University of Chicago Press, May 15, 2009 - Business & Economics - 412 pages
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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

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Just stumbled across this, and had to laugh out loud: the literal translation into German termed 'Humankapital' had been crowned as the 'un-word' of the year 2005.


II Human Capital Revisited
Theoretical Analysis
Empirical Analysis
EconomyWide Changes
Author Index
Subject Index

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About the author (2009)

Becker won the Nobel Prize for Economics in 1992. He is Professor of Economics and Sociology at the University of Chicago.

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