George Frederick Becker

George Frederick Becker was an American economist known for his work in labor economics and the role of human capital in economic theory. He contributed significantly to our understanding of how education and skills affect individual earning potential and overall economic growth. His influential book, "Human Capital," published in 1964, argued that investments in education and training improve productivity and are crucial for economic progress. Becker's ideas transformed the way economists view the value of education and its impact on the economy, making him a key figure in understanding labor markets and economic development.