Human Capital

Gary Becker, an economics professor at the University of Chicago, won the Nobel Prize in 1992 thanks to his work on human capital. The idea behind the concept of “human capital” is that education and experience are key contributors to economic value. In fact, human capital is increasingly the single most important driver of high growth companies. Luckily, we live in a time when gaining and improving our human capital is extremely easy; Internet serves a daily dose of amazing free knowledge and insights. Perhaps the best example I can provide is that we can watch Gary Becker’s lectures on “human capital” as if we were sitting in a classroom at the University of Chicago.