June 4, 2018
Psychology, Economics and Human Capital
I spent much of my weekend researching Dr. James Heckman, Nobel prize-winning professor of economics from the University of Chicago who specializes in research around investments in human capital. I plan to write a more extensive piece on him shortly. In the meantime you can check out his Little Sis map-in-progress here. Heckman is a colleague of Arthur Rolnick (see my previous post) and Robert Dugger, host of the upcoming ReadyNation Global Business Summit on Early Childhood.
I believe the research Heckman has been conducting with “grit” expert, Angela Duckworth is extremely dangerous. The two are principal investigators for the Research Network on the Determinants of Life Course Capabilities and Outcomes based in the University of Chicago’s Center for the Economics of Human Development. I will share several excerpts from the publication they co-authored in 2008 for the National Bureau of Economic Research with Lex Borghans and Bas Ter Weel, The Economics and Psychology of Personality Traits.
Duckworth’s research for the publication was supported by the Templeton Foundation. The image below shows the program areas to which Templeton gives: Science & The Big Questions; Character Virtue Development; Individual Freedom and Free Markets; Voluntary Family Planning; Genetics; and Exceptional Cognitive Talent and Genius.