The emergence of intangible capital : human, social, and intellectual capital in nineteenth century British, French, and German economic thought
Since the late 1950s the concept of human capital, understood as the stock of
knowledge, skills, and abilities that determine individual productivity, has
become one of the central tools with which economists explain both individual
success and economic growth. During the latter half of the 20th century
complementing concepts such as social capital, meaning the value of social
networks and norms of reciprocity, and intangible capital, meaning the
investments in knowledge and innovation generation, have emerged. The term
intellectual capital is sometimes used as a major concept to bind different forms
of intangible capital. This study focuses on the conceptual equivalents of these
ideas in 19th century English, French, and German economic thought in order
to show that most of the phenomena now connected to human capital,
intangible capital, intellectual capital, and social capital were already
extensively discussed as capital in different phases of the long 19th century
(1789-1914). Equally, many of the arguments presented since the late 1950s
against the extension of the concept of capital to human beings, human
attributes, knowledge, reputation, social norms, or social relations after the new
emergence of these ideas were also part of the earlier discussion. A better
understanding of past debates about the definitional scope and functional role
of capital in economic theory should help to avoid unintentionally circular or
repetitive argumentation which presents what were in fact once solid
arguments of political economy as previously unattainable insights made in the
past five decades.
...
Alternative title
Human, social, and intellectualcapital in nineteenth century British, French, and German economic thoughtPublisher
University of JyväskyläISBN
978-951-39-6596-9ISSN Search the Publication Forum
1459-4331Keywords
liberaali taloustiede history of economic thought human capital intangible capital social capital intellectual capital conceptual history 1800-luku taloushistoria taloustieteilijät aineeton pääoma käsitehistoria käsiteanalyysi henkinen pääoma sosiaalinen pääoma pääoma koulutus tiede tuottavuus innovaatiot talousteoriat hyvinvointitalous talouskasvu taloustieteet yhteiskuntapolitiikka Britannia Ranska Saksa
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