The Human Capital Century and American Leadership: Virtues of the Past

44 Pages Posted: 20 Apr 2001 Last revised: 21 Oct 2010

See all articles by Claudia Goldin

Claudia Goldin

Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: April 2001

Abstract

The modern concept of the wealth of nations emerged by the early twentieth century. Capital embodied in people human capital mattered. The United States led all nations in mass postelementary education during the human-capital century.' The American system of education was shaped by New World endowments and Republican ideology and was characterized by virtues including publicly funded mass education that was open and forgiving, academic yet practical, secular, gender neutral, and funded and controlled by small districts. The American educational template was a remarkable success, but recent educational concerns and policy have redefined some of its 'virtues' as 'vices.'

Suggested Citation

Goldin, Claudia, The Human Capital Century and American Leadership: Virtues of the Past (April 2001). NBER Working Paper No. w8239. Available at SSRN: https://ssrn.com/abstract=267423

Claudia Goldin (Contact Author)

Harvard University - Department of Economics ( email )

Littauer Center
Cambridge, MA 02138
United States
617-495-3934 (Phone)

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States
617-588-0356 (Phone)
617-868-2742 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
51
Abstract Views
1,073
rank
382,788
PlumX Metrics