IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

Concept of Human Capital in the Context of Transition to the Wisdom Society

  • Vovk Volodymyr A.


    (Kharkiv National University of Economics)

Registered author(s):

    The goal of the article is to study factors that determine a necessity of expansion of the essence of the "human capital" notion in the context of changing priorities of economic growth and transition to the "wisdom society". The article reveals, in the result of the analysis, that wisdom becomes the priority at the modern stage of social and economic development and the main challenge - leaving the limits of the "knowledge society" and developing into the "wisdom society". Consequently, the humanitarian economy ("wisdom economy") is shown as the main direction of development of the economic science. Moreover, the article shows that the concept of human capital should be expanded with consideration of specific features of the wisdom society. The article offers to understand the human capital as an aggregate of knowledge, skills, motivations (according to Becker) plus wisdom (happiness), imperative of values and subjectness. Prospects of further studies are connected with the search for methods of measurement of such a difficult to measure property as "happiness", comparison of the heuristic potential of the existing indices and, possibly, their specification or development of new ones.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics in its journal Business Inform.

    Volume (Year): (2014)
    Issue (Month): 2 ()
    Pages: 18_22

    in new window

    Handle: RePEc:idp:bizinf:y:2014:i:2:p:18_22
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:idp:bizinf:y:2014:i:2:p:18_22. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexey Rystenko)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.