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Capital Concept Applied to Man

J. R. Walsh

The Quarterly Journal of Economics, 1935, vol. 49, issue 2, 255-285

Abstract: I. Scope of the study, 255. — II. The data used, 257. — III. Method of analysis, 264. — IV. Comparison with costs, 267. — V. The implied assumptions: a representative sample, 269; diifferences between groups, 271; equilibrium adjustment of market factors, 274. — VI. College training: (1) Value of abilities exceeds cost of training, 275; (2) Women graduates, 278. — VII. Values and costs of professional training: M.A. and Ph.D., 278; physicians, 279; engineers, 280; business men, 281; lawyers, 281. — VIII. Non-competing groups again, 283. — IX. Conclusion, 284.

Date: 1935
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The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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