Human capital in the twenty first century
This paper reviews Thomas Piketty's treatment of human capital in Capital in the Twenty First Century. It first explores Piketty's reasons for excluding human capital from the analysis, and determines that the fact that human capital is not sold on a market is not a sufficient argument for...
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Università Carlo Cattaneo LIUC
2018-06-01
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Online Access: | http://ejce.liuc.it/18242979201801/182429792018150101.pdf |
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doaj-091a73b57990437396fddc0a9dba089c2020-11-25T02:56:06ZengUniversità Carlo Cattaneo LIUCThe European Journal of Comparative Economics1824-29792018-06-011513910.25428/1824-2979/201801-3-9Human capital in the twenty first centuryDaniel KuehnThis paper reviews Thomas Piketty's treatment of human capital in Capital in the Twenty First Century. It first explores Piketty's reasons for excluding human capital from the analysis, and determines that the fact that human capital is not sold on a market is not a sufficient argument for exclusion. The "fundamental laws of capitalism" do not rely on the assumption that capital is exchanged on a market. The paper further argues that Goldin and Katz's (2008) work on education and income inequality is more compatible with Capital in the Twenty First Century than many critics suggest. The paper concludes by arguing that including human capital in the broader discussion of inequality should not detract from Piketty's broader findings.http://ejce.liuc.it/18242979201801/182429792018150101.pdfhuman capitalinequalitywealth |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Daniel Kuehn |
spellingShingle |
Daniel Kuehn Human capital in the twenty first century The European Journal of Comparative Economics human capital inequality wealth |
author_facet |
Daniel Kuehn |
author_sort |
Daniel Kuehn |
title |
Human capital in the twenty first century |
title_short |
Human capital in the twenty first century |
title_full |
Human capital in the twenty first century |
title_fullStr |
Human capital in the twenty first century |
title_full_unstemmed |
Human capital in the twenty first century |
title_sort |
human capital in the twenty first century |
publisher |
Università Carlo Cattaneo LIUC |
series |
The European Journal of Comparative Economics |
issn |
1824-2979 |
publishDate |
2018-06-01 |
description |
This paper reviews Thomas Piketty's treatment of human capital in Capital in the Twenty First Century. It first explores Piketty's reasons for excluding human capital from the analysis, and determines that the fact that human capital is not sold on a market is not a sufficient argument for exclusion. The "fundamental laws of capitalism" do not rely on the assumption that capital is exchanged on a market. The paper further argues that Goldin and Katz's (2008) work on education and income inequality is more compatible with Capital in the Twenty First Century than many critics suggest. The paper concludes by arguing that including human capital in the broader discussion of inequality should not detract from Piketty's broader findings. |
topic |
human capital inequality wealth |
url |
http://ejce.liuc.it/18242979201801/182429792018150101.pdf |
work_keys_str_mv |
AT danielkuehn humancapitalinthetwentyfirstcentury |
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1724714176590381056 |