Attention is called to a little explored scarce resource, named 'economic competence', which combines features of human capital and bounded rationality, and can be defined as the non-transferable abilities of economic agents to employ transferable information for deciding about the use of scarce resources, including economic competence itself.
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Length: 49 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:iniesr:480
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Find related papers by JEL classification: J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity G1 - Financial Economics - - General Financial Markets
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