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The Death of Human Capital? – Its Failed Promise and How to Renew It in an Age of Disruption - Oxford Scholarship Online
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The Death of Human Capital?: Its Failed Promise and How to Renew It in an Age of Disruption

Phillip Brown, Hugh Lauder, and Sin Yi Cheung


Human capital theory, 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. This book describes the development of human capital theory and why it has turned into a failed revolution. It outlines an alternative theory that re-defines human capital in an age of smart machines. The new human capital rejects the view that automation and AI will result in the end of waged work, but sees the fundamental problem as a lack of quality jobs offering interesting, w ... More

Keywords: human capital theory, education policy, labor markets, labor, income inequalities, schooling, academic credentials, future of work, education and technology

Bibliographic Information

Print publication date: 2020 Print ISBN-13: 9780190644307
Published to Oxford Scholarship Online: October 2020 DOI:10.1093/oso/9780190644307.001.0001


Affiliations are at time of print publication.

Phillip Brown, author
Distinguished Research Professor, School of Social Sciences, Cardiff University

Hugh Lauder, author
Professor, Department of Education, University of Bath

Sin Yi Cheung, author
Reader in Sociology, School of Social Sciences, Cardiff University

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