Overview
- Draws ideas from defining figures within economics, such as Keynes, Hansen, Ricardo, Mill, and Marshall
- Updates classical ideas of human capital to relate to modern post-industrial economies
- Explores changing policies towards human capital from the post-War years onward
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Table of contents (8 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This book presents a new interpretation of the role of human capital and the state in driving economic development. It places these ideas within broader debates within the history of economic thought to highlight how the nature of economic activity is a collective and coordinated process. Through examining how the welfare state reversed traditional accumulation by relying on human capital growth, the importance of the state within the development process is emphasised, alongside the multifaceted nature of competition. Different forms of public expenditure are then evaluated to identify the most productive forms of public spending and the drivers of long term economic development.
This book questions the relationship between profits and rent and proposes a new kind of economic development based around human capital. It will be relevant to students and researchers interested in the history of economic thought, the political economy, and labour economics.
Authors and Affiliations
About the authors
Cosimo Perrotta is former Professor of the History of Economic Thought at the University of Salento
Salvatore Rizzello is Professor of Economics at the University of Salento.
Claudia Sunna is Associate Professor of the History of Economic Thought at the University of Salento.
Bibliographic Information
Book Title: Human Capital
Book Subtitle: The Driving Force for Economic Development
Authors: Cosimo Perrotta, Salvatore Rizzello, Claudia Sunna
DOI: https://doi.org/10.1007/978-3-031-34494-7
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-34493-0Published: 30 July 2023
eBook ISBN: 978-3-031-34494-7Published: 29 July 2023
Edition Number: 1
Number of Pages: IX, 164
Topics: History of Economic Thought/Methodology, Political Economy/Economic Systems, Labor Economics