The Rise Of Human Capital Theory
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. Please share this arti...