"The mere thought of investment in human beings is offensive to some among us. Our values and beliefs inhibit us from looking upon human beings as capital goods, except in slavery, and this we abhor... To treat human beings as wealth that can be augmented by investment runs counter to deeply held values. It seems to reduce man once again to a mere material component, something akin to property. And for man to look upon himself as a capital good, even if it did not impair his freedom, may seem to debase him... (But) by investing in themselves, people can enlarge the range of choice available to them. It is one way free men can enhance their welfare."
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Academics from the United StatesNobel laureates from the United StatesEconomists from the United StatesNobel laureates in EconomicsPeople from South Dakota
Original Language: English
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p. 2; As cited in: David L. Levinson (2005) Community Colleges: A Reference Handbook, p. 156
https://en.wikiquote.org/wiki/Theodore_Schultz
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Theodore Schultz
Theodore William "Ted" Schultz (30 April 1902 – 26 February 1998) was an American economist and chairman of the University of Chicago Department of Economics, who was the 1979 winner, jointly with William Arthur Lewis, of the Nobel Memorial Prize in Economic Sciences.
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