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

Claudia Goldin

No 8239, NBER Working Papers from National Bureau of Economic Research, Inc

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.'

JEL-codes: J2 N3 (search for similar items in EconPapers)
Date: 2001-04
Note: DAE LS
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Citations: View citations in EconPapers (81)

Published as Goldin, Claudia. "The Human-Capital Century And American Leadership: Virtues Of The Past," Journal of Economic History, 2001, v61(2,Jun), 263-292.

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Related works:
Journal Article: THE HUMAN-CAPITAL CENTURY AND AMERICAN LEADERSHIP: VIRTUES OF THE PAST (2001)
Working Paper: The Human-Capital Century and American Leadership: Virtues of the Past (2001)
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