Capital accumulation

outcomes, and for those who are included or excluded from the programme. Furthermore, the lack of exit strategies can undermine the possibility of long term human development outcomes. The ideas which permeate the literature on social safety nets are poverty and vulnerability – a definition which goes much beyond the narrow economic view which equates ‘well-being’ to ‘utility’ (Britto, 2004: 9). The relevance of improving human capital accumulation is of importance, particularly in labour rich countries. It becomes a human resource available than a tangible capital resource. The human resource can be transformed into human capital with effective inputs in education health and moral values. Building on health care initiatives could contribute to the end goal of human capital accumulation. The conditionality aspect of cash transfers is what makes CCTs…

are both economists with theories of capital accumulation. Karl Marx was a German doctor of Philosophy. Adam Smith who was a Scottish moral philosopher developed a similar theory. The theories differ in the way they perceive labor value. Smith’s theory has a clear argument on capital accumulation such as his explanation for unproductive/productive labor in comparison to Marx. Marx’s explanation of productive labor, critique of abstinence theory, exploitation, and the so-called labor fund is less…

Primitive accumulation is the development of capitalist products by a means of precapitalist modes of production. Primitive accumulation of capital was the driving force behind European wealth and power. These precapitalist modes of production, consisted of stealing and slavery, which allowed countries to develop a large quantity of capital production. This accumulation of wealth, allowed some countries to flourish and develop relations between capital and labour. Uruguayan journalist, Eduardo…

This is what I will attribute to ‘social security’ in Figure 1. Revealing the similarities and differences between social security and human capital accumulation, I will show the dominant drivers of and limits to social security. Human capital accumulation (HCA) can be defined as ‘the development of a set of skills leading to [the] increased education, health and productivity of potential workers’ (Galor and Moav, 1999: page #). This which can be represented in the investments in ‘health’ and…

In Storper and Walker’s The Capitalist Imperative: Territory, Technology and Industrial Growth, economic growth is defined as “an increased in the productive powers of an economy” (Storper and Walker 1989). This is considered concrete improvement, representing real wealth, as opposite to capital accumulation, an abstract gain in purely monetary terms. Long term growth is driven by the goal of surplus generation through production by means of capital investment, strong competition and…

inequality in education could affect economic growth. First, “assuming that the amount of human capital of a person is the outcome of a combination of innate abilities and education, gender inequality in education would therefore lower the average level of human capital in the economy and thus slowing economic growth” (ibid; 351). Furthermore, gender inequality is restricting the country’s pool of talent from acquiring greater knowledge and skills and enhancing their capabilities that could be…

I will discuss why economic growth happened in developed countries and didn’t in the rest of world based on 2 books, which I read. To discuss this, I will point out theory of these books, merit and demerit for our world today and how these can be related to discuss we had in a class room. To begin with, I will start with theories of Capital of Mystery. The author, Hernando De Soto, claims capital is the only way to make nations growth and 6 mysteries of capital. He explains about how to…

growth. The main points of this issue deal with productivity, living standards, and economic growth. The issue discusses two productivities: labor and multifactor which when increased, increases the standard of living allowing the economy to produce more out of less overtime. The author explains the economic growth theory in different terminology, allowing me to expand my knowledge on Solow’s Model. This explanation helped me further discuss how Solow’s Model plays an important role in…

Brazil’s industrialisation and development has been constrained by the lack of technology and skilled human capital. Ban considers Brazil 's new development policies to be similar to the 'economically liberal policy goals and instruments associated with the [Washington] consensus and policy goals and instruments that can be traced to the developmentalist tradition ' (Ban, 2013: 299). And that neo-developmentalist follow a tradition 'unlike the protectionism and export pessimism of old…

How will you be living 10-20 years from now? Preparing yourself for the future can be hard to do. You 're not sure of how your life is going to be at that time but you have to make decisions about it now. A major topic that has to be looked at as how your money will be saved and handled. There are two different types of methods that you can use when planning to save and increase your money. Having a savings account and investing in real estate can both be options. Due to the fact that the…