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The Genesis of Conceptions of Human Capital in Economic Theory
Nazarov N. K., Semenov A. O.

Nazarov, Nikita K., and Semenov, Anton O. (2024) “The Genesis of Conceptions of Human Capital in Economic Theory.” Business Inform 2:314–323.
https://doi.org/10.32983/2222-4459-2024-2-314-323

Section: Management and Marketing

UDC 331.522.4.009.12

Abstract:
The aim of the article is to study the evolution of scientists’ views on the category of human capital and to reproduce the genesis of this scientific category. Human capital is considered in the article as a multifactorial intellectual system that explores the emergence, development, formation and improvement under the influence of objective and subjective factors. The article analyzes the history of the development of economic thought and the evolution of the theory of human capital. A study of the system of scientific tools of representatives of mercantilism, the school of physiocrats, classical political economy, marginalism, neoliberalism, neoclassical theory, Keynesianism, institutional school and neo-institutionalism is carried out and the possibilities of its application in the global context of human development are determined. The objective economic, organizational, historical, scientific-technical, social and institutional prerequisites for the formation of the conception of human capital are defined. The conception of human capital is a new socioeconomic paradigm, the basis for the formation of which was the transition from the traditional economic system of development to the modern or innovative system. Within the framework of the theory of human capital, a person is considered through the prism of economic processes: social production, reproduction, economic activity. This was the basis for the rapid formation and spread of the theory of human capital. Objective reality emphasizes the importance of the formation and effective use of human capital, and significant scientific achievements on this issue confirm the long process of evolutionary development and relevance regardless of time intervals. The directions for further research include the development of methods for assessing human capital, in particular on the basis of the Human Development Index, a powerful tool for analyzing global processes and transformations in society.

Keywords: human capital, evolution, genesis, economic theory, historical method, objective prerequisites, development.

Fig.: 1. Tabl.: 2. Bibl.: 16.

Nazarov Nikita K. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Management and Business, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]
Semenov Anton O. – Postgraduate Student, Department of Social Economics, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]

List of references in article

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Krushnitska, H. B. “Geneza kontseptsii liudskoho kapitalu v postindustrialnomu suspilstvi“ [Genesis of the Concept of Human Capital in the Post-industrial Society]. Biznes Inform. 2014. https://www.business-inform.net/export_pdf/business-inform-2014-5_0-pages-25_30.pdf
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Podra, O. P. “Rol liudskoho kapitalu u zabezpechenni staloho ekonomichnoho rozvytku: stan, problemy, perspektyvy“ [The Role of Human Capital in Sustainable Economic Development Providing: State, Problems and Prospects]. Sotsialno-pravovi studii, no. 2 (2020): 144-151. DOI: https://doi.org/10.32518/2617-4162-2020-2-144-151
Potii, V. Z., and Cherkasova, A. O. “Henezys poniatiinoho pidkhodu do vyznachennia sutnosti kapitalu“ [The Genesis of the Conceptual Approach to Determining the Essence of Capital]. Rynok tsinnykh paperiv Ukrainy. 2008. http://securities.usmdi.org/PDF/386.pdf
Prytuliak, N. M. “Identyfikatsiia liudskoho kapitalu v suchasnii ekonomichnii nautsi“ [Identification of the Human Capital in the Modern Economic Science]. Ekonomika Ukrainy. 2014. https://core.ac.uk/download/pdf/84323727.pdf
Shumpeter, I. A. Teoriia ekonomichnoho rozvytku: Doslidzhennia prybutkiv, kapitalu, kredytu, vidsotka ta ekonomichnoho tsyklu [The Theory of Economic Development: A Study of Profits, Capital, Credit, Interest, and the Economic Cycle]. Kyiv: Vydavnychyi dim «Kyievo-Mohylianska akademiia», 2011.
Stryzhak, O. O. “Teoriia liudskoho kapitalu: formuvannia naukovoi kontseptsii“ [Human Capital Theory: Formation of Scientific Concept]. Ekonomika rozvytku, no. 1 (2012): 24-31.
Tereshchenko, D. A. “Henezys naukovykh pidkhodiv do teorii liudskoho kapitalu“ [The Genesis of Scientific Approaches to the Human Capital Theory]. Publichne upravlinnia ta mytne administruvannia, no. 4 (2019): 90-101. DOI: https://doi.org/10.32836/2310-9653-2019-4-90-101
Trofimchuk, T. M. “Henezys teorii liudskoho kapitalu“ [The Genesis of the Human Capital Theory]. Naukovyi visnyk Mizhnarodnoho humanitarnoho universytetu. Seriia «Ekonomika i menedzhment». 2016. http://www.vestnik-econom.mgu.od.ua/journal/2016/16-2016/8.pdf
Yasinska, T. V. “Rozvytok liudskoho kapitalu yak osnova sotsialno-ekonomichnoho vidnovlennia Ukrainy“ [Development of Human Capital as a Basis for Socio-Economic Recovery of Ukraine]. Osvitnia analityka Ukrainy, no. 2 (2022): 88-98. DOI: https://doi.org/10.32987/2617-8532-2022-2-88-98

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