Reproduction Structure and Technological Progress in Economy: The Role of Talents as Capital

Michio Tochimoto

MPRA Paper from University Library of Munich, Germany

Abstract: Human activities in concrete production are diversified from product manufacturing, service production to management technology. Technological progress is organized into such various human activities. This paper is written on our “Talents capital hypothesis”, after surveying the genealogy of economic thought since Smith, and, carefully examining the theoretical basis of the hypothesis. The concept “Talents capital” comprehensively captures the human activities. The hypothesis is that realistic technological progress should be based on qualitative development of "Talents capital", that is, accumulation and succession of production-related knowledge and technology, embodied in workers group (=personal owner of individual enterprises as well as employee (including corporate officer) in general enterprises) .

Keywords: Talents Capital; technological Progress; economic reproduction structure (search for similar items in EconPapers)
JEL-codes: B00 D24 D29 D33 (search for similar items in EconPapers)
Date: 2017-12-03
New Economics Papers: this item is included in nep-ino
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