Human Capital and Education Reform in Spain
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A recently developed school of thought, known as "human capital," views education strictly as an investment that enables a nation, society, family, or individual to improve their future, their ability to generate profits, and consequently, their welfare.
Spain's Educational Deficit and 19th-Century Reforms
It is clear that Spain entered the contemporary age with a serious deficit of human capital. The education system, in ruins since the 17th century, completely collapsed during the crisis of the early 19th century. Attempts to address this deficiency led to educational initiatives, such as the ultimately ineffective *Economic Societies of Friends of the Country*, private associations created by the upper classes in the 18th century.
In the mid-... Continue reading "Human Capital and Education Reform in Spain" »