Here I present: Adam Smith, “The Wealth of Nations”, 1776, PART TWO (II).
INTRODUCTION.
In this book that is the “capitalism” sacred text. I which to present the types of “capital” foundational to “Anglophone” diaspora.
It is useful to differentiate between five kinds of capital: financial, natural, produced, human, and social. All are stocks that have the capacity to produce flows of economically desirable outputs. Human capital is subject of this blog post. Specifically, the introduction of schools in England. Consider, the timetable BELOW, beginning with the 373 AD birth Saint Patrick.
The Saint Jerome 404 AD was used in the Latin language for Biblical instruction in the English schools, beginning in 597 AD. The list of schools ABOVE are “grammar schools” equivalent to a high school education in the USA today. All half-dozen (6) schools ABOVE continuous operation since 597 AD is a primary source of “human capital”.
Here I presented: Adam Smith, “The Wealth of Nations”, 1776, PART TWO (II).
COMMENTS.
Ezharappallikal (Apostle Thomas Church) at Kerala, INDIA in 52 AD was being of the Christian Church. INDIA was the place that Jesus apostle Thomas choose to found Christianity in 52 AD.
Saint Patrick brought Christianity to Europe, and the Anglophones teachings embrace all subjects today (not only religious teachings).
Education is a form of “human capital” and “capitalism” is an “-Ism (way”. The “Way” according to Englishman Adam Smith in 1776 is based upon graduating students from high schools. This “high school” tradition in England is the reason colleges such as Oxford & Cambridge (UK), or Harvard & Yale (USA) are today the World best. Any national economy must invest in producing high school graduates as “human capital”. The Anglophones among were the first to circumnavigate the Earth; and today English as a second language is widely accepted in International communication.