Michael Perelman wrote: > modern economists have the tendency to classify everything productive as > capital. The concept of human capital, mentioned in chapter 3, is a > case in point.
interestingly, in volume III of CAPITAL (pp. 465-6 of the Int'l Publ. ed), Marx presented a critique of the human capital theory, i.e., that wages are like interest. also interestingly, Goodwin _et al_'s book, MICROECONOMICS IN CONTEXT defines "human capital" in a way that makes it much the same (if not exactly the same) as Marx's "labor-power." -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
