The economics of information and human capital / by Fritz Machlup.

Format:

Book

Author/Creator:

Machlup, Fritz, 1902-1983, author.

Series:

Machlup, Fritz, 1902-1983. Knowledge, its creation, distribution, and economic significance ; v. 3.

Knowledge, its creation, distribution, and economic significance ; volume 3

Princeton legacy library

Princeton Legacy Library

Language:

English

Subjects (All):

Information theory in economics.

Human capital.

Physical Description:

1 online resource (0 p.)

Edition:

Course Book

Place of Publication:

Princeton, New Jersey : Princeton University Press, [1984]

Language Note:

English

Summary:

Volume III examines in clear and elegant prose the roles of knowledge and information in economics. Part One analyzes the effects of new or uncertain information on market performance; examines the formation and revision of expectations; and provides a classification of literature and an extensive bibliography. Part Two discusses private and social valuations of education and training, the controversy over nature vs. nurture," the issue of "credentialism," and the depreciation of human capital.Originally published in 1984.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Contents:

Frontmatter

Contents

Analytical Table Of Contents

Foreword

Acknowledgments

Chapter 1. Introduction

Part One. The Economics of Knowledge and Information

Chapter 2. Old Roots and New Growth

Chapter 3. Information and Prices: Futures, Insurance, and Product Markets

Chapter 4. Labor Markets and Financial Markets

Chapter 5. Public Decisions and Public Goods

Chapter 6. New Knowledge, Dispersed Information, and Central Planning

Chapter 7. Empirical Research, Theoretical Analysis, Applied Inquiry

Appendix to Chapter 7. Contents of Economic Journals: Relative Shares of Empirical, Theoretical, and Applied Work

Chapter 8. Economic Agents, Equilibria, and Expectations

Chapter 9. The Expanding Specialty: Surveys and Classifications

Chapter 10. A New Classification

Chapter 11. A Sample Bibliography

Part Two. Knowledge as Human Capital

Chapter 12. Basic Notions of Capital Theory

Chapter 13. Investment in Human Resources and Productive Knowledge

Chapter 14. Private and Social Valuation

Chapter 15. Human Capacity, Created by Nature and Nurture

Chapter 16. The Route from Investments to Returns

Chapter 17. Production Functions: The Choice of Variables

Chapter 18. Productivity Versus Credentials

Chapter 19. Depreciation of Knowledge Stocks and Human Capital

Chapter 20. Profiles of Lifetime Learning and Earning

Chapter 21. Rates of Return to Investment in Education

Index

Notes:

Includes index.

Bibliography: pages [335]-400.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

Description based on print version record.

ISBN:

0-691-64049-1

0-691-61257-9

1-4008-5602-7

OCLC:

889253993