Theodore Schultz, not Chicago libertarians, first popularized the human capital concept

Evidence

It was Schultz who first popularized the idea that spending on human services such as education should be considered an investment rather than an act of consumption—and therefore that education itself should be considered a form of capital or interest-bearing asset. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 248

Categorization

• DEFINE: Distinguishes Schultz’s neo-Keynesian human capital from its later Chicago School appropriation — an important definitional nuance against cartoon readings.
• XREF: Complicates the common equation of human capital theory with Chicago/free-market thought, echoing the book’s fracturing of the neoliberal stereotype. — connects to: Human capital theory originated with a neo-Keynesian, not Chicago neoliberals — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 248; Human capital theory originally justified free public education as collective investment — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 250

Broader Connections

• Human capital theory originated with a neo-Keynesian, not Chicago neoliberals #corroborates (0.95) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 248
• Human capital theory originally justified free public education as collective investment #expands (0.75) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 250