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Human Capital Misallocation

By Stuart Buck, Esq.

Tyler Cowen's recent post touches on a topic that I think one of the chief problems of the human race: human capital misallocation. Cowen is much more sanguine than I am: My view is that people who are born into a reasonably good educational infrastructure get exposed repeatedly -- albeit briefly -- to lots of the activities which might intrigue them. If the activity is going to click with them, it has the chance. To borrow the initial example, most high schools and junior high schools have chess clubs and not just in the wealthiest countries. Virtually everyone is put in touch with math, music, kite-flying, poetry, and so on at relatively young ages. But those are only a minuscule handful of the possible occupations and activities that human beings engage in...continue to full post

Full post as published by The Buck Stops Here on December 28, 2009 (boomark / email).