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

Citation Type: Journal Article

Publication Year: 2001

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Abstract: The modern concept of wealth of nations emerged by the early twentieth century. Capital embodied in people human capital mattered. The United States led all nations in mass post elementary 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.'

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Authors: Goldin, Claudia

Periodical (Full): Journal of Economic History

Issue: 2

Volume: 61

Pages: 263-292

Data Collections: IPUMS USA

Topics: Education, Other

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