THE HECKMAN EQUATION!

At the heart of the Cutlers' "Made in Sheffield" approach is a recognition that to be successful young people need skills, character and knowledge and that we need to develop a curriculum entitlement that develops all three.

Interesting then that so little research has focused on the fundamental questions of what skills create successful and productive people and what are the best ways to develop and measure these skills. As James Heckman argues in his brilliant article on the Heckman Equation most of what we value and measure are poor predictors of success in life because they focus on only one aspect of the mix that matters - cognitive achievement - and not on the full range of skills that make a person valuable in family life, in their community and in the workforce.

Heckman argues that there is hard evidence that character skills matter greatly and that there is widespread evidence that failing to systematically develop, measure and reward positive character traits is failing society—in schools, in families, in communities and in the workplace.

James J. Heckman is the Henry Schultz Distinguished Service Professor of Economics at The University of Chicago, a Nobel Laureate in economics and an expert in the economics of human development.