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... thought to be equal. The concept of human capital recognizes that not all labor
is equal and that the quality of employees can be improved by investing in them....
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Therefore, economists regard expenditures on education, training, medical care,
and so on as investments in human capital. They are called human capital ......
Human-capital theory – Dictionary definition of Human-capital theory | Encyclopedia.com: FREE online
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Definition of Human-capital theory – Our online dictionary has Human-capital theory information from A Dictionary of Sociology dictionary. Encyclopedia.com: English, psychology and medical dictionaries ... Human-capital theory This is a moden extension of...
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T o most people, capital means a bank account, a hundred shares of IBM stock, assembly lines, or steel plants in the Chicago area. These are all forms of capital in the sense that they are assets that yield income and other useful outputs over long period...
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DEFINITION of 'Human Capital' A measure of the economic value of an employee's skill set. This measure builds on the basic production input of labor measure where all ... Nash Equilibrium is a key concept of game theory, which helps explain how people and...
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1 Beyond McGregor’s Theory Y: Human Capital and Knowledge-Based Work in the 21st Century Organization by Thomas Kochan, Wanda Orlikowski, and Joel Cutcher-Gershenfeld * Prepared for the Sloan School 50th Anniversary Session on October 11, 2002...
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Human development theory is a theory that merges older ideas from ecological economics, sustainable development, welfare economics, and feminist economics. It seeks to avoid the overt normative politics of most so-called "green economics" by justifying it...
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Was Weber Wrong? A Human Capital Theory of Protestant Economic History* Sascha O. Becker† and Ludger Wößmann‡ University of Munich, Ifo Institute, CESifo, and IZA Max Weber attributed the higher economic prosperity of Protestant regions to a...