Regan Boychuk British, American, and Russian elites planned global domination through one great war a century ago, but it did not quite work out. Instead, today we approach a third world war to avoid democracy and the rational conservation of resources on a finite planet. It appears imperial monarchs were colluding in 1914 to vanquish […]
Continue ReadingThe Rise of Human Capital Theory
Originally published at Economics from the Top Down Blair Fix If there was an award for the most pernicious scientific idea ever, what theory should get first prize? I would vote for eugenics, a theory that claims we can ‘improve’ humanity through selective breeding. If there was a second prize, I’d give it to human […]
Continue ReadingFix, ‘The Rise of Human Capital Theory’
Abstract Today, human capital theory dominates the study of personal income. But this has not always been so. In this essay, I chart the rise of human capital theory, and compare it to the rise (and fall) of eugenics. The comparison, I argue, is an apt one. Eugenics and human capital theory both focus on […]
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