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Human Capital as a Challenge for Economics Theory
Human Capital as a Challenge for Economics Theory

Author(s): Barbara Wyrzykowska
Subject(s): Economy
Published by: Mednarodna fakulteta za družbene in poslovne študije
Keywords: human capital; the theory of human capital; intellectual capital; knowledge; information; knowledge management; knowledge-based economy

Summary/Abstract: The issue of human capital is increasingly attracting the attention of both theorists and practitioners, because at present human resources play a decisive role in the creation of competitive economies and business entities. Human capital and knowledge are becoming key factors in the area of entity competitiveness. Consequently, human capital is currently being analysed in a multi-faceted way in the context of numerous economic theories. The aim of this study is to summarize, analyse, and synthesise the information published on the subject of the theory of human capital and to present new theories and scientific paradigms. The theories presented in this study show that employees constitute the basic capital of modern organizations. One of the contemporary paradigms of modern management is the concept of knowledge-based economy and the paradigm of information technology. This article is based on literature studies and theoretical reflections of the author.

  • Issue Year: 3/2014
  • Issue No: 2
  • Page Range: 217-240
  • Page Count: 24
  • Language: English