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Evolution of the Human Capital Doctrine

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Abstract

The human capital theory is one of the most significant scientific and practical achievements in the history of the economic thought in the twentieth century. The presented work shows an attempt to retrace and critically estimate the evolution of this doctrine from its genesis in the studies of the classics and postclassics of the political economy to its incorporation into the characteristic present-day economy of knowledge. The analysis covers the development of the traditional neoclassical human capital theory and its impact on the related concepts of other dominant schools of the modern economics.

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  • Alla Kirova, 2011. "Evolution of the Human Capital Doctrine," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 94-131.
  • Handle: RePEc:bas:econst:y:2011:i:4:p:94-131
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    More about this item

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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