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The Rise of Human Capital Theory

Blair Fix

EconStor Open Access Articles and Book Chapters, 2021, issue 95, 29-41

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.

Keywords: eugenic; human capital; income distribution; power; productivity (search for similar items in EconPapers)
JEL-codes: J24 O15 P16 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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