 The Costing of Human Resource DevelopmentMary Jean Bowman
Chapter Chapter 14 in The Economics of Education, 1966, pp 421-450 from Palgrave Macmillan Abstract: Abstract During recent years the concern of economists with problems of development has stimulated a number of rediscoveries, extensions and even innovative transformations in both substantive theory and analytical methods. Among the most important of the substantive rediscoveries has been the human ‘art and ingenuity’ that were so much appreciated in their economic relevance by Petty and his contemporaries. The twentieth-century variant is strongly tinted with ‘residualist’ nebulosity, to be sure, but it is nevertheless acquiring respectability in econometric input-output and production-function analysis. It now enjoys enhanced status in modernized classicism and a place of honour in an extended neo-classical investment theory. The one thing that these diverse and sometimes contradictory approaches share in their more fruitful manifestations is a tendency to bring human and physical resources into the same conceptual framework. To treat costs of human resource development at all adequately thus requires a generalized approach to costs. Keywords: Opportunity Cost; National Income; Human Resource Development; Scale Unit; Human Capital Formation (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08464-7_14 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-08464-7_14 Access Statistics for this chapter More chapters in International Economic Association Series from Palgrave Macmillan |
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