Knowledge: Its Creation, Distribution and Economic Significance, Volume III

The Economics of Information and Human Capital

Fritz Machlup

• Publisher: Princeton University Press
• Year: 2014
• Print ISBN: 9780691612577, 9780691042336
• eBook ISBN: 9781400856022
• Topic: Politics & International Relations
• Subtopic: Business General
• Index: Politics & International Relations

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.

Table of contents

• Cover
• Contents
• Analytical Table of Contents
• Foreword (Theodore W. Schultz)
• Acknowledgments
• 1 Introduction
• Part 1: The Economics of Knowledge and Information
• Appendix to Chapter 7: Contents of Economic Journals: Relative Shares of Empirical, Theoretical, and Applied Work
• Part 2: Knowledge as Human Capital
• Index