Origins Of Increasing Returns

Nobel Laureate Theodore W. Schultz has made highly important contributions to the fields of agriculture and natural resource economics, and to human capital theory.
This volume is mainly devoted to investments in specialized forms of capital, consisting in large part of human capital that produces increasing rates. The tensions between politics and economics are critically examined.

Nobel Laureate Theodore W. Schultz has made highly important contributions to the fields of agriculture and natural resource economics, and to human capital theory.
This volume is mainly devoted to investments in specialized forms of capital, consisting in large part of human capital that produces increasing rates. The tensions between politics and economics are critically examined.

Theodore W. Schultz is Charles L. Hutchinson, Distinguished Service Professor Emeritus at the University of Chicago. His Nobel Prize for Economics was received in 1979 for his "pioneering research into economic development ... with particular consideration of the problems of developing countries." He is the author of numerous books and articles including Restoring Economic Equilibrium (Blackwell, 1990) and The Economics of Being Poor (Blackwell, 1993).