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Quotation of the Day…

Posted By Don Boudreaux On December 5, 2012 @ 7:59 am In Growth,Immigration | Comments Disabled

… is from page 6 of Julian Simon [1]‘s 1989 volume, The Economic Consequences of Immigration [2] (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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[1] Julian Simon: http://triblive.com/x/pittsburghtrib/opinion/columnists/boudreaux/s_552039.html#axzz2D9YpnAU0

[2] The Economic Consequences of Immigration: http://www.amazon.com/Economic-Consequences-Immigration-Julian-Simon/dp/0631155279/ref=la_B001HD0130_1_9?ie=UTF8&qid=1354712296&sr=1-9

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