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The Concept of Human Capital and its Evolution in the History of Economic Thought
[Понятие Человеческого Капитала И Его Эволюция В Истории Экономической Мысли]

Author

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  • Gvozdeva, Margarita (Гвоздева, Маргарита)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Kazakova, M.V. (Казакова, М.В.)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Kiblitskaya, T.R. (Киблицкая, Т.Р.)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

In many countries, investment in human capital is seen as an instrument to stimulate economic growth and full employment, and a high level of knowledge, skills and competences of the population are recognized as the key to the success and security of the state in the world arena. The paper is devoted to the study of the concept of human capital and its evolution in history, as well as the analysis of the role of human capital in economic literature. So, first of all we formulate the definition of human capital. In the following we describe the evolution of the concept of human capital in the works of foreign and Russian economists. Then we consider the ways of measuring human capital and carry out a comparative analysis of the concepts of human capital and human potential. In conclusion, the results of the analysis are formulated.

Suggested Citation

  • Gvozdeva, Margarita (Гвоздева, Маргарита) & Kazakova, M.V. (Казакова, М.В.) & Kiblitskaya, T.R. (Киблицкая, Т.Р.), 2017. "The Concept of Human Capital and its Evolution in the History of Economic Thought [Понятие Человеческого Капитала И Его Эволюция В Истории Экономической Мысли]," Working Papers 051733, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:051733
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    References listed on IDEAS

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