NDLI: Toward an Evolutionary Theory of Human Capital

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Toward an Evolutionary Theory of Human Capital

Content Provider	Scilit
Author	Canibano, Carolina Potts, Jason
Copyright Year	2016
Description	Journal: SSRN Electronic Journal The structure and dynamics of knowledge is central to modern evolutionary economics. In the canonical evolutionary model, knowledge exists in the routines and competencies of firms, an approach optimized to study industrial dynamics. In mainstream economics however, knowledge is represented as human capital, an investment by workers in education and skills, an approach suited to the study of labour markets, education, jobs and careers. Evolutionary economics has little to say about this. We propose a new research program for evolutionary economics that develops an evolutionary theory of human capital by representing human capital as a position on a network of knowledge and economic evolution as change in that network. Our new approach connects with the economic sociology of labour markets as networks; models the evolution of jobs as the dynamic structure of that network, and models a career as a path through that network; and furnishes a new theory of structural unemployment.
Related Links	https://digital.csic.es/bitstream/10261/162535/1/SSRNevolucapi.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2802236
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.2802236
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2016-06-29
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal History and Philosophy of Science Economic Evolution Human Capital Labour Markets
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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