With regards to the idea of a limit – there are two margins here.  Investing in education increases human capital – but there are other external factors that also do.

As a result, there is a clear limit to the gain from investment in education, but there is no clear limit to “total human capital” as technology improves!!

Good point Kimble

The availability of education is essential – it is a central part of equality of opportunity.  However, in net terms I would say that the broadening of skill training is probably improving availability.

Furthermore, education is not the only factor that increase the value of human capital.  In order to really work this out we need to look at wages, or the compentation of employees, which are pretty high in NZ relative to history.

Strange things often happen when I dabble in HTML coding!

All good in the hood, agnitio.

The natural limit comes from a few things, like the diminishing marginal returns of education, and the mortality of humans.

Even in an exceptional human, there comes a point when the amount of time/resources required to improve that persons human capital is simply not worth the benefits that would acrue over the remainder of that persons life. Past that point the human capital is actually being destroyed.

Hopefully fixed now….

You surely can’t believe that if there is a limit, we are anywhere hear it?

What browser are you using Kimble? I just realised the site looks screwed in my work IE (which has certain security settings enforced) even though it looks completely normal on firefox..

1. There is a natural limit on the additional human capital that can be created through education.

2. The current price of education is quite a distance from the price at which only those in the top 1% or 10% would be able to afford it.

3. There are well known benefits to having an educated populace, and this would likely place a ceiling on the private cost of education.