Slaughter & Rees Report
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December 9, 2013
Slaughter & Rees Report - “We Don’t Need No Education”: Discuss
Economists manage to disagree about almost everything. One notable exception: scads of academic research has long documented that what economists artfully call “human capital” is an essential ingredient for economic growth. Of the rise in real U.S. output per person over the 20th century, for example, more than 80 percent was accounted for by human capital as measured by rising skills, research and development, and technological change. In turn, the single biggest determinant of virtually every country’s supply of human capital is its educational system. ... ... Read more.
Meet the Authors
Matt Slaughter is the Signal Companies' Professor at the Tuck School of Business, the faculty director of Tuck's Center for Global Business and Government, and the associate dean for faculty. He is also currently a Research Associate at the NBER; an adjunct Senior Fellow at the Council on Foreign Relations; a member of the Congressional Budget Office's Panel of Economic Advisers; a member of the U.S. State Department's Advisory Committee on International Economic Policy; and from 2005-2007, he served as a Member on the Council of Economic Advisers in the Executive Office of the President.
Matthew Rees is the founder of Geonomica, a consulting firm that has worked with clients across a number of industries, and a senior fellow at Tuck’s Center for Global Business and Government. He is the founder of FT Newsmine, a weekly brief of financial market facts and figures produced in collaboration with the Financial Times, as well The Geonomica Brief, an independent publication with a similar focus. A former journalist, Rees has written for The Wall Street Journal and The Economist. He also has extensive government experience, serving as a speechwriter for President George W. Bush; former National Security Adviser Condoleezza Rice; and U.S. Trade Representative Robert Zoellick.