Human Capital

Richard Thomas Watson () and Saji K. Mathew ()
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Richard Thomas Watson: University of Georgia
Saji K. Mathew: Indian Institute of Technology Madras

Chapter 9 in Capital, Systems, and Objects, 2021, pp 139-155 from Springer

Abstract: Abstract Human capitalHuman capital is the general health, skills, knowledge, and abilities of the population, a workforce, or an individual. “A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise output per worker,” according to Nobel Prize–winning economist Paul Krugman. The characteristics of a nation’s organizations or a person’s human capital determines to a large extent the type of conversions each can undertake and how it can raise Cʹ. Thus we first examine the roles of mass education and public health in the creation and maintenance of human capital.

Date: 2021
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DOI: 10.1007/978-981-33-6625-1_9

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