Early Education Seen in a Human Capital Framework

The idea that education leads to the accumulation of capital in the form of more productive workers and that this returns a profit to those who invest in it goes all the way back to Scottish philosopher Adam Smith, the man considered the father of capitalism and whose The Wealth of Nations is considered the first modern work of economics. It is ironic that in this day and age, the human capital rationale for investing in more and better early education continues to receive short shrift in this most capital-oriented of countries while China and other rising powers forge ahead of us on this front. Could it be that our policymakers are not sufficiently persuaded?

Please visit National Institute for Early Education Research (NIEER) for the complete blog post.