Das Human Kapital
AbstractThis Paper hypothesizes that the demise of the 19th century's European class structure reflects a deliberate transformation of society orchestrated by the Capitalists. Contrary to conventional wisdom, it argues that the demise of this class structure has been in part an outcome of a cooperative rather than purely a divisive process. The research suggests that the transition from this class structure may be viewed as the outcome of an optimal reaction process of the Capitalists to the increasing importance of human capital in sustaining their profit rates. The Paper argues that the process of capital accumulation has gradually intensified the relative scarcity of labour and has generated an incentive to augment labour via human capital accumulation. Due to the complementarity between physical and human capital in production, the Capitalists were among the prime beneficiaries of the potential accumulation of human capital by the masses. They had therefore the incentive to financially support public education that would sustain their profit rates and would improve their economic well being, although it would ultimately undermine their dynasty's position in the social ladder.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Brown University, Department of Economics in its series Working Papers with number 2000-17.
Date of creation: 2000
Date of revision:
Contact details of provider:
Postal: Department of Economics, Brown University, Providence, RI 02912
Other versions of this item:
- Galor, Oded & Moav, Omer, 2001. "Das Human Kapital," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2701, C.E.P.R. Discussion Papers.
- N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-08-15 (All new papers)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Brown Economics Webmaster).
If references are entirely missing, you can add them using this form.