The industrial option in Sweden

Economists have long been aware of the importance of human resource development. It is probably at least one aspect of the so called ‘dismal’ science they can agree about. Adam Smith, the founding father, in his famous book, The Wealth of Nations, first published in 1776 and still being issued, stressed the significance of education to the nation several times. Since then a wide range of literature is available dealing purely with the economics of education. Some of it links education with economic growth.