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24 gru 2015 · The theory thus promotes state education systems as subservient to the vaunted knowledge economy, as instrumental for economic growth. In this entry, the nature and development of HCT are outlined, its current influence indicated, and its effects highlighted.
24 gru 2015 · Human capital theory views education as an investment that yields returns to the individual in the form of higher earnings and to the state in the form of employment and economic growth, thus...
29 sie 2023 · Human capital theory is the dominant theory of education in economics. Earlier writers such as Adam Smith, John Stuart Mill and Alfred Marshall highlighted a variety of roles for education, but human capital theory, which was formalised in the 1960s only examined labour-productivity improving skills.
26 cze 2023 · In this article we seek to contribute to this body of work by developing the following arguments: (1) social capital facilitates the creation of new intellectual capital; (2)...
18 paź 2012 · In short, education becomes a measure of human capital as follows, Education > cognitive capacity > higher productivity > earnings > a measure of HC. The major arguments of the human...
1 sty 2024 · This paper discusses the economic purpose of education and argues that many States in pursuance of their discretion have adopted neo-liberal policies driven by the forces of globalisation, and an associated human capital theory (HCT) in education delivery.
20 sty 2015 · This article approaches the relationship between education and human capital. It challenges what educators ordinarily take education to be, and it also raises the issue of how educators ought to understand what it means to refer to humanity, or to a human, in the postindustrial era.
