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Realizing a Society’s Full Potential Requires Investments in Human Capital That Enable Human Development

In: Integrating Human Capital with Human Development

Author

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  • John F. Tomer

Abstract

There is no doubt that the standard HC concept developed by Gary Becker, Jacob Mincer, T. W. Schultz, and others has been extremely important. There is a very impressive body of mainstream HC research to point to. However, this standard version of HC used by mainstream economists has severe limitations. That is why I have argued in this book that economists and other social scientists ought to use a much broader concept of HC, one that fully reflects important realities of humans’ lives that the standard concept does not consider. Doing so would be tremendously beneficial for HC research in that it would help us understand many facets of human development not previously studied by economists.

Suggested Citation

  • John F. Tomer, 2016. "Realizing a Society’s Full Potential Requires Investments in Human Capital That Enable Human Development," Palgrave Advances in Behavioral Economics, in: Integrating Human Capital with Human Development, chapter 0, pages 195-201, Palgrave Macmillan.
    • Handle: RePEc:pal:paichp:978-1-137-45674-8_10
    DOI: 10.1057/9781137456748_10
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