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Why did land disappear from some economic models?
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The Costs of Fuelling Economic Growth
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News - Resisting the Market Process Undermines Freedom and Prosperity
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The Rise Of Human Capital Theory
If there was an award for the most pernicious scientific idea ever, what theory should get first prize? I would vote for eugenics, a theory that claims we can improve humanity through selective breeding.
If there was a second prize, I d give it to human capital theory. I think of human capital theory as eugenics light . It purges the idea that abilities are innate (and that we should selectively breed the fit ). But human capital theory keeps the Nietzschean idea that humanity s success can be attributed mostly to gifted ubermensch.
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