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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 is the second of two volumes which encompass and combine the passions and interests of this eminent economist.
Origins of Increasing Returns is mainly devoted to investments in specialized forms of capital, consisting in large part of human capital that produce increasing rates. The resulting tensions between politics and economics are critically examined.
List of contents
Acknowledgment.Introduction.Part I: Searching for Increasing Returns:1. On Investing in Specialized Human Capital to Attain Increasing returns.2. On Economic History in Extending Economics.3. The Value of the Ability to Deal with Disequilibria.4. Increase in the Value of Human Time.Part II: Less Dependency on Natural Resourses:5. The Declining Economic Importance of Agricultural Land.6. Connections Between Natural Resources and Increase in Income.7. Land in Economic Growth.Part III: Augmenting Resources by Organizing Research:8. Value of Research and Endogenous Agricultural Technology.9. Politics and Economics of Research.10. Diatortions of Economic Research.11. Economic Policy Research for Agriculture.12. Entrepreneurship in Organized Research.Part IV: Origins of Modern Agriculture:13. Modernizing Traditional Agriculture.14. Economics, Agriculture, and the Political Economy.15. Efficient Allocation of Brains in Modernizing World Agriculture.16. Economics of Agricultural Productivity in Low Income countries.17. The Changing Economy and the Family.Part V: Government, Economics and Politics:18. Role of Government in Promoting Increases in Income.19. Tensions between Economics and Politics.20. Improving the Quality of Inputs.21. Specialization and the Huamn Capital Approach to Economic Growth.22. Self-Appraisal.23. The Bottom Lines.Index.
About the author
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 (1993).
Summary
Devoted to investments in specialized forms of capital, consisting in large part of human capital that produces increasing rates. This title ciritcally examines the tensions between politics and economics.
