"While human capital can take many forms, there is a tendency of some to equate it with formal education. However, not only may many other valuable forms of human capital be overlooked this way, the value of formal schooling may be exaggerated and its counterproductive consequences in some cases not understood."
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Thomas Sowell, Basic Economics, 4th ed. (2010), Ch. 12. Investment and Speculation.
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Human capital
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