March 10, 2010

Nobel Laureate in Economics Offers Early Childhood Formula for the Country’s Economic Success

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Early development of social skills and intelligence has its long-range economic payoffs, according to Nobel Laureate James Heckman. He offers an equation on human capital development as a way to secure America’s economic future. The public can learn about his ideas for building the future when he gives the free, public talk, "The Economic Case for Investing in Early Childhood Education," sponsored by the Schubert Center for Child Studies at Case Western Reserve University.

Heckman will speak on Thursday, March 18, from 3 to 4:30 p.m., in Ford Auditorium in Allen Memorial Library.

"Professor Heckman offers an economist's perspective on human potential and how development of this potential has positive economic consequences for the future," said Jill E. Korbin, director of the Schubert Center.

After winning the Nobel Prize in 2000, Heckman, the Henry Schultz Distinguished Service Professor of Economics at the University of Chicago, set out to understand why the country's workforce was falling behind other countries and jeopardizing the nation's security. He began to rethink the way America looks at the human and economic potential of its children.

During his talk, Heckman will elaborate on how early development of academic and social skills are essential for lifetime success, and how quality investments in children from birth on yield quality economic returns for society.

The talk is free and open to the public. Online registration is required. Call 368-0540 for information.

For more information contact Susan Griffith, 216.368.1004.

Posted by: Kimyette Finley, March 10, 2010 11:16 AM | News Topics: Events, Lectures/Speakers, news

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