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The Rise Of Human Capital Theory 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 capital theory. I think of human capital theory as eugenics light . It purges the idea that abilities are innate (and that we should selectively breed the fit ). But human capital theory keeps the Nietzschean idea that humanity s success can be attributed mostly to gifted ubermensch. Please share this article - Go to very top of page, right hand side, for social media buttons.

New yorkUnited statesPhilip wicksteedCharles darwinShimshon bichlerJohn lockeTheodore schultzJacob mincerRonald reaganMike krellGary beckerWilliam muirDavid sloan wilsonJohn bates clarkJonathan nitzanFrancis galton