On April 30, 1902, economist Theodore W. Schultz was born. His work studying the quick post-war recovery in Germany and Japan led to his development of “human capital theory,” explicated in books such as Investing in People (1981) and several major papers, including “Investing in human capital” (1961) and “Transforming traditional agriculture” (1964).
He was co-winner (with William Arthur Lewis) of the 1979 Alfred Nobel Memorial Prize in Economic Sciences. Schultz died in 1998.
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There was, of course, a dust-up a few years ago, when some left-wing pontificators misinterpretted the term “human capital” as if it referred to and endorsed a form of slavery. Amusingly, some of them had previously used it in its proper sense, and so their misinterpretation was shown to have been quite deliberate.