This paper formally describes the Human Capital Theory as a Research Programme that fits into the classical economic Research Programmes. The fundamental ¿hard core¿ assumption which converts the Human Capital Theory into a Research Programme itself in Lakatosian terms is based upon the embodiment of the human capital in the person investing in it. The paper shows how the auxiliary ¿protective belt¿ assumptions and the empirical content of the theory are linked to and derived from the ¿hard core¿ assumptions in such a way that the Human Capital Theory satisfies the conditions to be considered a Scientific Research Programme.
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number
2007-26.
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