Thomas Sowell – ThisIsCommonSense.org

When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.
Thomas Sowell, The Thomas Sowell Reader (2011), p. 398.

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Today in Freedom

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” in several major papers, including “Investing in human capital” (1961) and “Transforming traditional agriculture” (1964). In a book written for a more general audience, Investing in People (1981), he invested in a wider readership by surveying the main themes of his research.

He was co-winner (with William Arthur Lewis) of the 1979 Alfred Nobel Memorial Prize in Economic Sciences. Schultz died in 1998.