The Rise of Human Capital Theory

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Date

2021

Authors

Fix, Blair

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Abstract

Today, human capital theory dominates the study of personal income. But this has not always been so. In this essay, I chart the rise of human capital theory, and compare it to the rise (and fall) of eugenics. The comparison, I argue, is an apt one. Eugenics and human capital theory both focus on isolated traits of individuals. By doing so, both theories neglect the social nature of human behavior.

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eugenic human capital income distribution power productivity

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Citation

The Rise of Human Capital Theory. Fix, Blair. (2021). Real-World Economics Review. No. 95. March. pp. 29-41. (Article - Journal; English).

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