"Human capital analysis starts with the assumption that individuals decide on their education, training, medical care, and other additions to knowledge and health by weighing the benefits and costs. Benefits include cultural and other non-monetary gains along with improvement in earnings and occupations, while costs usually depend mainly on the foregone value of the time spent on these investments."

--

Source : "The Theory of Gambling and Statistical Logic". Book by Richard Arnold Epstein, 1977.

Gary Becker

#Training Quotes #Analysis Quotes #Cost Quotes

“Well, there's nothing better than putting your feet up on a Sunday afternoon and grabbing a good book.”

Source : "Chris Klein, 'American Reunion' Star, On Being Left Out Of 'American Wedding' And Life After His 'Mamma Mia' Audition". Interview with Mike Ryan, www.huffingtonpost.com. March 28, 2012.
“One Almighty is more than all mighties”
“Governments resort to inflation with popular support because the people apparently are naïve enough to believe that they can have their cake and eat it, too.”

Source : Leonard E. Read (1990). “The freedom philosophy”, Foundation for Economic Education
“It's truly weird how everyone just thinks they can bring me Diet Coke and everything will be okay. Especially since it's pretty much true.-Lizzie Nichols”
“Our activity should consist in placing ourselves in a state of susceptibility to Divine impressions, and pliability to all the operations of the Eternal Word.”
“I am honored to be here as co-chair of President Obama's re-election campaign.”
“At a certain place in Beethoven's Ninth Symphony, for example, he might feel that he is floating above the earth in a starry dome, with the dream of immortality in his heart; all the stars seem to glimmer around him, and the earth seems to sink ever deeper downwards.”
“I find myself being quite cynical - and I think we all kind of are - towards the idea that it's associated with being a musician; you know... the kind of rock-star attitude. So, I hope that people know it's a joke.”

Source : Source: www.interviewmagazine.com

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