TY  - JOUR
AU  - Goldin,Claudia
TI  - The Human Capital Century and American Leadership: Virtues of the Past
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8239
PY  - 2001
Y2  - April 2001
UR  - http://www.nber.org/papers/w8239
L1  - http://www.nber.org/papers/w8239.pdf
N1  - Author contact info:
Claudia Goldin
National Bureau of Economic Research
1050 Massachusetts Ave.
Cambridge, MA 02138
Tel: 617/613-1200
Fax: 617/613-1245
E-Mail: cgoldin@harvard.edu
AB  - 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.'
ER  -