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人力资本理论(Human capital theory)
人力资本理论(Human capital theory) Chapter iii human capital theory American economist Theodore w. Schultz put forward the theory of human capital. Back in February 1935, American economist Walsh published the human capital view. Him for the first time, adopting the method of cost - benefit, analysis of different education level students personal education cost and after graduation because of the ability to improve and make the income increase, and then calculate the yield of education. His paper is regarded as the first official paper on education economics in the west. In 1960, the investment in human capital was published, and the economic value of education was published in 1963, and the human capital theory was established. The main representatives are schulz, denison, becker and others. Section 1 overview of human capital theory The concept of human capital Concept of capital According to the marxist political economy, capital is a value that can bring residual value. Capital, plant, equipment, land, etc., as long as it can bring residual value is capital. It is a specific political and economic category in capitalist production relations, which reflects the capitalist exploitation of workers. For the first time, schultz and others have distinguished capital as material capital and human capital. 1. Human capital It is the knowledge, the skills and the ability of the workers. It is also the knowledge and capacity that people invest in themselves to increase their personal future income and boost national economic growth. 2. Resources capital A capital that is embodied in a certain quantity and quality, such as land, plant, equipment, etc. 3. Similarities and differences between human capital and material capital In the same way: both have a productive effect on material production; Both increase personal income and increase national income; Its all invested, and its all profitable. Difference: the material capital can be transferred and inherited, and human capital
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