Quotation of the Day…

by Don Boudreaux on December 5, 2012

in Growth, Immigration

… is from page 6 of Julian Simon‘s 1989 volume, The Economic Consequences of Immigration (citation omitted; original emphasis):

Even more astonishing to some – but an indubitable economic fact – natural resources are increasingly less important with each passing decade.  The crucial capital nowadays is “human capital” – people’s skills plus the stock of knowledge – and migrants bring this human capital with them.

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