Human Capital Formation: 10,000 Hour Rule

For human capital formation, 10,000 hours could be crucial. I was at Lincoln Center several nights ago. Listening to a wonderful performance of Chopin’s Polonaise, I wondered how much the pianist practiced. That took me to Malcolm Gladwell. In Outliers, Gladwell…

Human Capital: The Year You Were Born

Your human capital might be affected by your birth date. In Outliers, Malcolm Gladwell suggests that children born during the Great Depression had an advantage. Economic contraction meant couples had fewer babies. A cohort with fewer children, 1930s babies enjoyed smaller…