April 12, 2012

Building Human Capital

Mitt Romney wasted no time capitalizing on Hilary Rosen's blunder. And he's right, of course. As I pointed out two years ago in The Oklahoman,
[Patrick] Fagan says the Nobel Prize-winning economist Gary Becker once suggested to him that "the married mother at home exerts a more far-reaching impact on the economy than the married father in the workplace" (emphasis mine). After all, "the mother contributes to both the present and future economy, but especially the future through the more highly productive children she raises."

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