if you invest in roads it is considered capital but we consider education current spending. While our roads need development, it is worth opening the public debate about treating large scale education programmes as investments. Nancy Folbre talks about this in the excellent Economix blog. She references and links to another mammoth presentation by Heckman.
http://economix.blogs.nytimes.com/2009/02/12/the-ultimate-growth-industry/
http://www.partnershipforsuccess.org/uploads/20081021_capabilformchiDISP20080921ajlt11.pdf
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