Human capital
From The Art and Popular Culture Encyclopedia
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Human capital is the stock of competencies, knowledge, social and personality attributes, including creativity, cognitive abilities, embodied in the ability to perform labor so as to produce economic value. It is an aggregate economic view of the human being acting within economies, which is an attempt to capture the social, biological, cultural and psychological complexity as they interact in explicit and/or economic transactions. Many theories explicitly connect investment in human capital development to education, and the role of human capital in economic development, productivity growth, and innovation has frequently been cited as a justification for government subsidies for education and job skills training.
See also
- Industrial and organizational psychology
- Human resources
- Automation
- The Birth of Biopolitics
- Capital (economics)
- Capital accumulation
- Capitalize or expense
- Cross-cultural capital
- Human Capital Management
- Human development theory
- Mincer equation
- Labor power
- Theodore Schultz
- Working time
- Intellectual capital
- Intellectual capital management
- Structural capital
- Relational Capital
- Organizational capital
- Talent management