New course started yesterday. First post requires a bit of research to define “human capital” using a source other than the textbook or required readings. Interestingly, most of the the sources point to Adam Smith (of Scotland) or Marxist writings with the respect to the origin of the theory/idea of human capital.
In a nutshell, several theories of human capital exist. And, in true fashion, there are alternative viewpoints that focus on Intellectual Capital, Social Capital, or Cultural Capital. Seems to me that it boils down to the old argument between information, knowledge, and ignorance. As a result, here’s what I’ve got so far:
A fact is information minus emotion. An opinion is information plus experience. Ignorance is an opinion lacking information. And, stupidity is an opinion that ignores a fact.