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The death of human capital? Its failed promise and how to renew it in an age of disruption

Brown, Phillip, Lauder, Hugh and Cheung, Sin Yi 2020. The death of human capital? Its failed promise and how to renew it in an age of disruption. Oxford: Oxford University Press. 10.1093/oso/9780190644307.001.0001

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Abstract

Human capital theory, or the notion that there is a direct relationship between educational investment and individual and national prosperity, has dominated public policy on education and labor for the past fifty years. In The Death of Human Capital?, Phillip Brown, Hugh Lauder, and Sin Yi Cheung argue that the human capital story is one of false promise: investing in learning isn't the road to higher earnings and national prosperity. Rather than abandoning human capital theory, however, the authors redefine human capital in an age of smart machines. They present a new human capital theory that rejects the view that automation and AI will result in the end of waged work, but see the fundamental problem as a lack of quality jobs offering interesting, worthwhile, and rewarding opportunities. A controversial challenge to the reigning ideology, The Death of Human Capital? connects with a growing sense that capitalism is in crisis, felt by students and the wider workforce, shows what's at stake in the new human capital while offering hope for the future.

Item Type: Book
Book Type: Authored Book
Date Type: Publication
Status: Published
Schools: Social Sciences (Includes Criminology and Education)
Publisher: Oxford University Press
ISBN: 9780190644307
Last Modified: 18 Nov 2020 16:45
URI: http://orca.cf.ac.uk/id/eprint/135457

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