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Human Capital Approach: Historical Development and Modern Approaches
Abstract
Although the concept of human capital was formally developed in the 20th century, its origins date back centuries. Human capital refers to individuals' productive capacity and their role as income-generating agents. Introduced into professional use in the 1960s, the concept extends the principles of capital theory to the human elements of production. During this period, prominent economists laid the foundations of human capital theory, establishing it as a central component of economic analysis. Human capital is crucial in modern growth theories, contributing significantly to economic development. This study examines human capital theories and conceptual definitions proposed by leading economists and provides a detailed analysis of selected human capital approaches. In this context, it emphasizes the importance of education and the development of labor force skills in economic growth. The findings demonstrate that human capital theories will continue to evolve, further enhancing their economic contributions over time.
Keywords
References
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Details
Primary Language
English
Subjects
Macroeconomics (Other)
Journal Section
Review
Authors
Early Pub Date
April 30, 2025
Publication Date
April 30, 2025
Submission Date
February 26, 2025
Acceptance Date
April 16, 2025
Published in Issue
Year 2025 Volume: 2025 Number: 1
APA
Akyıldız, İ. E. (2025). Human Capital Approach: Historical Development and Modern Approaches. Sosyal Bilimler Metinleri, 2025(1), 65-84. https://doi.org/10.56337/sbm.1647692
AMA
1.Akyıldız İE. Human Capital Approach: Historical Development and Modern Approaches. Sosyal Bilimler Metinleri. 2025;2025(1):65-84. doi:10.56337/sbm.1647692
Chicago
Akyıldız, İbrahim Ethem. 2025. “Human Capital Approach: Historical Development and Modern Approaches”. Sosyal Bilimler Metinleri 2025 (1): 65-84. https://doi.org/10.56337/sbm.1647692.
EndNote
Akyıldız İE (April 1, 2025) Human Capital Approach: Historical Development and Modern Approaches. Sosyal Bilimler Metinleri 2025 1 65–84.
IEEE
[1]İ. E. Akyıldız, “Human Capital Approach: Historical Development and Modern Approaches”, Sosyal Bilimler Metinleri, vol. 2025, no. 1, pp. 65–84, Apr. 2025, doi: 10.56337/sbm.1647692.
ISNAD
Akyıldız, İbrahim Ethem. “Human Capital Approach: Historical Development and Modern Approaches”. Sosyal Bilimler Metinleri 2025/1 (April 1, 2025): 65-84. https://doi.org/10.56337/sbm.1647692.
JAMA
1.Akyıldız İE. Human Capital Approach: Historical Development and Modern Approaches. Sosyal Bilimler Metinleri. 2025;2025:65–84.
MLA
Akyıldız, İbrahim Ethem. “Human Capital Approach: Historical Development and Modern Approaches”. Sosyal Bilimler Metinleri, vol. 2025, no. 1, Apr. 2025, pp. 65-84, doi:10.56337/sbm.1647692.
Vancouver
1.İbrahim Ethem Akyıldız. Human Capital Approach: Historical Development and Modern Approaches. Sosyal Bilimler Metinleri. 2025 Apr. 1;2025(1):65-84. doi:10.56337/sbm.1647692