Capital accumulation

Human capital accumulation is considered a central driver of growth in the process of social and economic development. CCT’s are an initiative have the ability to provide a direct route to human capital accumulation. This is due to their distinct focus on the pillars of human capital accumulation: education, health and wellbeing. Economists, scholars and policy makers alike have continuously evaluated the impact of Bolsa Familia as a means of assuring the necessary foundations for human capital…

According to experts, the human capital originated with Theodore Schultz, an economist that was interested in the world’s underdeveloped countries. Mr. Schultz claimed that improving the welfare of poor people did not depend on equipment, energy, land, but rather on education. He also argued that many have neglected to see human beings as capital and therefore they have done a poor job encouraging knowledge. Economist Theodore Schultz became a winner of the Noble Peace Prize in 1979. Today,…

Efficient Capital Markets Efficient Capital Market is basically the market where the prices of the shares indicate correct information about the stock and at the same time as well. This market efficiency can be judged by the information incorporated into it, which pertains to the value of the securities, which gives a strong indication of the price of the securities. The primary value of the stock refers to the cash flows that may be expected by a person who is the owner of the particular stock.…

Capital investment decisions are essentially made by top level management such as the CEO or president of the company as this is where strategic decisions usually are conducted (Reference for Business, 2016). Therefore, capital investment decisions generally have to be made by the top executive level management individuals that are used to making decisions on investments that have a long term impact on the company’s performance and productivity. Additionally, capital investment decisions are…

there are many different ways that social capital can be defined. Social capital is solely about the relation between individuals and entities and how they can be economically valuable. Social capital incorporates social networks in its process. Social networks are made up of people who trust one another. They also help each other, giving them power through the assets they gain. Economic growth depends on the presence of economic, capital, social capital, which all enhance it. There are many…

There have been a lot of developments in education reform in Australia motivated by investments in Human Capital theory. Human Capital theory conceptualises the economic value of an individual’s knowledge, skills and dispositions. It is an extension on Adam Smiths work investigating differences in wages that suggests how much money a person makes is largely influenced by the degree to which that individual possesses skills, knowledge and dispositions that are valued by employers (Oxford…

According to Yeager, Nelson, Potter, Weidman & Zullo (2001) in many ways higher education should be seen as a business as it “produces and sells educational services to customer” (as cited by Winston, 1999, p.13). However, at the same time, while education is indeed a business in some retrospect, it should not be regarded as only a business either. Over the last several decades, many economists have attempted to solve the array of issues surrounding the idea that education should be seen as a…

that there is plausible cause to believe that human capital is responsible for the economic growth from 1900 to 1956 and even today, although economists and society grapple with the thought of investing in human beings as “capital goods.” Not only does it go against the grain of our moral values to refer to human as “capital goods” but that it is intolerable and it degrades people. This paper identifies with and examines the concept of human capital theory from Schultz’s point of view, the…

Essay #7 In his renowned book The General theory of Employment, Interest and Money, Keynes ends by asserting problems and strength of capitalist economy. The last chapter of the book, chapter 24 begins with the statement that the biggest and foremost problems of capitalism are “its failure to provide for full employment, and its arbitrary and inequitable distribution of wealth and incomes.” Keynes ends up suggesting an active role of government to intervene with fiscal and monetary policy to…

stagnating economies of scale among firms, redevelopment of the utility and production of variable capital, and an increasing co-dependence between the state and industries. As ironic as this sounds, there is significant amount of evidence in modern society of that capitalism can turn into its reciprocal. Globalization, within the economic value helped stimulate more accessible movement of capital and labor among developed and developing nations in the 20th century after the second World War.…