Gary Becker’s concept of human capital
Becker made people the central focus of economics. The second in our series on big economic ideas
WHY do families in rich countries have fewer children? Why do companies in poor countries often provide meals for their workers? Why has each new generation spent more time in school than the one that came before? Why have earnings of highly skilled workers risen even as their numbers have also increased? Why should universities charge tuition fees?
This article appeared in the Schools brief section of the print edition under the headline “The people’s champion”
Schools brief August 5th 2017
From the August 5th 2017 edition
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AI needs regulation, but what kind, and how much?
Different countries are taking different approaches to regulating artificial intelligence
LLMs will transform medicine, media and more
But not without a helping (human) hand
How AI models are getting smarter
Deep neural networks are learning diffusion and other tricks
The race is on to control the global supply chain for AI chips
The focus is no longer just on faster chips, but on more chips clustered together
AI firms will soon exhaust most of the internet’s data
Can they create more?
A short history of AI
In the first of six weekly briefs, we ask how AI overcame decades of underdelivering