1.

Record Nr.

UNINA9910736028403321

Autore

Perrotta Cosimo

Titolo

Human capital [[electronic resource] ] : the driving force for economic development / / by Cosimo Perrotta, Salvatore Rizzello, Claudia Sunna

Pubbl/distr/stampa

Cham : , : Springer Nature Switzerland : , : Imprint : Palgrave Macmillan, , 2023

ISBN

3-031-34494-4

Edizione

[1st ed. 2023.]

Descrizione fisica

1 online resource (166 pages)

Altri autori (Persone)

RizzelloSalvatore

SunnaClaudia

Disciplina

331.11

Soggetti

Economics—History

Economics

Labor economics

History of Economic Thought and Methodology

Political Economy and Economic Systems

Labor Economics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

1. Origins of the economy as collective activity -- 2. Custom and path-dependence. Social capital as accumulation factor -- 3. The role of the state in economic development -- 4. Competition in Enlightenment economists -- 5. On the productiveness of welfare expenditures -- 6. Keynesian Policy Today: More Employment and More Human Capital -- 7. Investing in human capital.

Sommario/riassunto

This book presents a new interpretation of the role of human capital and the state in driving economic development. It places these ideas within broader debates within the history of economic thought to highlight how the nature of economic activity is a collective and coordinated process. Through examining how the welfare state reversed traditional accumulation by relying on human capital growth, the importance of the state within the development process is emphasised, alongside the multifaceted nature of competition. Different forms of public expenditure are then evaluated to identify the most productive forms of public spending and the drivers of long term



economic development. This book questions the relationship between profits and rent and proposes a new kind of economic development based around human capital. It will be relevant to students and researchers interested in the history of economic thought, the political economy, and labour economics. Cosimo Perrotta is former Professor of the History of Economic Thought at the University of Salento Salvatore Rizzello is Professor of Economics at the University of Salento. Claudia Sunna is Associate Professor of the History of Economic Thought at the University of Salento.