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The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

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Discrimination Doesn’t Pay

To an economist, the issue of job discrimination is one of optimizing the value of human capital and, on a more political note, economic justice. From the truly dismal economics of slavery to recent efforts to exclude immigrants, the United States has a long history of discrimination in the workplace.
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ECONOTALK
Broadly, human capital is the total of all that people bring to an economy. It is also the base of knowledge and skills that the population, or a subset of a population, has acquired through training, education, experience, and similar endeavors (including reading!). People invest in human capital through ...

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