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The Death of Human Capital?Its Failed Promise and How to Renew It in an Age of Disruption$
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Phillip Brown, Hugh Lauder, and Sin Yi Cheung

Print publication date: 2020

Print ISBN-13: 9780190644307

Published to Oxford Scholarship Online: October 2020

DOI: 10.1093/oso/9780190644307.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 January 2022



A Race against Time

(p.212) 13 Conclusion
The Death of Human Capital?

Phillip Brown

Oxford University Press

This concluding chapter provides arguments based on mounting research evidence showing that, for many, learning is not earning. It also rests on the contention that historical possibilities exist to improve the quality of individual and social life through the transformation of economic means—in other words, by developing a new way of thinking about human capital. The chapter goes on to confront future prospects for the new human capital, even as these prospects depend on rebalancing the power relations between capital and labor. To conclude, the chapter calls for a different narrative that connects with the disconnections in people’s lives—their sense of disappointment, alienation, and unfairness. However, the distributional conflict revealed at the very heart of capitalism, which is central to the crisis of human capital, remains to be resolved.

Keywords:   new human capital, historical possibilities, quality of life, human capital, power relations, labor, economic freedom, capitalism

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