Smart Persons and Human Development: The Missing Ingredient in Behavioral Economics

John F. Tomer

Chapter Chapter 4 in Integrating Human Capital with Human Development, 2016, pp 63-80 from Palgrave Macmillan

Abstract: Abstract In chapters 2 and 3, the focus has been on human capital (HC): (1) how the conception of HC is far too limited, (2) how the concept of HC could be broadened and improved by integrating it with the concept of human development (HD), and (3) how a variety of types of investment in HC can foster people’s HD efforts and remedy their decision-making errors. In this chapter, the focus is on the human actor in economics. If economics were to incorporate a more human conception of HC, it would make a great deal of sense for economics to utilize an economic actor who is more fully human than has been the case in the past. In particular, it would be a considerable improvement if the stereotypical human in economics had many distinctly human capabilities that develop over time.

Keywords: Human Capital; Human Development; Behavioral Economics; Mainstream Economic; Psychological Economics (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:paichp:978-1-137-45674-8_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137456748

DOI: 10.1057/9781137456748_4

Access Statistics for this chapter

More chapters in Palgrave Advances in Behavioral Economics from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().