Human Capital
The Driving Force for Economic Development
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Beschreibung
This book presents a new interpretation of the role of human capital and the state in driving economic development. It places these ideas within broader debates within the history of economic thought to highlight how the nature of economic activity is a collective and coordinated process. Through examining how the welfare state reversed traditional accumulation by relying on human capital growth, the importance of the state within the development process is emphasised, alongside the multifaceted nature of competition. Different forms of public expenditure are then evaluated to identify the most productive forms of public spending and the drivers of long term economic development.This book questions the relationship between profits and rent and proposes a new kind of economic development based around human capital. It will be relevant to students and researchers interested in the history of economic thought, the political economy, and labour economics.
Cosimo Perrotta is former Professor of the History of Economic Thought at the University of Salento
Salvatore Rizzello is Professor of Economics at the University of Salento.
Claudia Sunna is Associate Professor of the History of Economic Thought at the University of Salento.
This book presents a new interpretation of the role of human capital and the state in driving economic development. It places these ideas within broader debates within the history of economic thought to highlight how the nature of economic activity is a collective and coordinated process. Through examining how the welfare state reversed traditional accumulation by relying on human capital growth, the importance of the state within the development process is emphasised, alongside the multifaceted nature of competition. Different forms of public expenditure are then evaluated to identify the most productive forms of public spending and the drivers of long term economic development.
This book questions the relationship between profits and rent and proposes a new kind of economic development based around human capital. It will be relevant to students and researchers interested in the history of economic thought, the political economy, and labour economics.
Draws ideas from defining figures within economics, such as Keynes, Hansen, Ricardo, Mill, and Marshall Updates classical ideas of human capital to relate to modern post-industrial economies Explores changing policies towards human capital from the post-War years onward
Autor*in
Cosimo Perrotta
Themen in »Human Capital«
Social capital Division of labour Accumulation of wealth Welfare expenditures Keynesian policy Economic development theory Path-dependence Economic development Public expenditures Human capital investment Enlightenment economists Economic competition