Quote by: James Heckman

I remember that, one day, I was visiting one training center in the 1990s that was teaching people how to fix Volkswagen engines from the 1960s, which were no longer sold. So you were training people on a skill that had zero value. The reason is that they hadn't received any new equipment in 20 years.


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Author Bio


  • NameJames Heckman
  • DescriptionAmerican economist
  • BornApril 19, 1944
  • CountryUnited States Of America
  • ProfessionEconomist; Statistician
  • AwardsGuggenheim Fellowship; Nobel Memorial Prize In Economic Sciences; John Bates Clark Medal; Frisch Medal