The first of two volumes by the winner of the Nobel Prize in Economics, 1979. The articles cover the economics of acquiring skills and knowledge, investment in the quality of the population and the increasing economic importance of the quality of the work force.
The Economics of Being Poor is mainly devoted to the economics of acquiring skills and knowlede, to investment in the quality of the population and to the increasing economic importance of human capital - the quality of the work-force embodied in the health, education and skills, including the entrepreneurial skills of the workers themselves.