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The roots of the human capital theory in the works of William Petty

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  • Penka Shishmanova

Abstract

The views of William Petty on the nature of human capital; the special significance for economic development and the growth of wealth; the appraisal of the human value; the role of education and health care in the human capital formation; the responsibilities of the family, businesses and the state are focused and evaluated from the modern point of view.

Suggested Citation

  • Penka Shishmanova, 2011. "The roots of the human capital theory in the works of William Petty," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 26-35.
    • Handle: RePEc:bas:econth:y:2011:i:2:p:26-35
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    More about this item

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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