The Death of Human Capital? ` : Its Failed Promise and How to Renew It in an Age of Disruption - Phillip Brown

The Death of Human Capital? `

Its Failed Promise and How to Renew It in an Age of Disruption

By: Phillip Brown, Hugh Lauder, Sin Yi Cheung

Hardcover | 10 September 2020

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Human capital theory, or 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. In The Death of Human Capital?, Phillip Brown, Hugh Lauder, and Sin Yi Cheung argue that the human capital story is one of false promise: investing in learning isn't the road to higher earnings and national prosperity. Rather than abandoning human capital theory, however, the authors redefine human capital in an age of smart machines. They present a new human capital theory that rejects the view that automation and AI will result in the end of waged work, but see the fundamental problem as a lack of quality jobs offering interesting, worthwhile, and rewarding opportunities. A controversial challenge to the reigning ideology, The Death of Human Capital? connects with a growing sense that capitalism is in crisis, felt by students and the wider workforce, shows
what's at stake in the new human capital while offering hope for the future.
Industry Reviews
"...this new theory is appealing. Recommended. All levels." -- E. P. Hoffman, Western Michigan University, CHOICE "The Death of Human Capital? challenges the conventional wisdom of human capital theory when analyzing higher education, graduate employment, and youth transition from education to work. It is not only thought-provoking, but breaks new ground for offering comparative and international perspectives in understanding global competition, new technologies, and economic inequalities in the highly globalized world." -Ka Ho Mok, Chair Professor of Comparative Policy, Lingnan University, Hong Kong "Human capital theory and the policies spawned from it have promised much, delivered little, and trapped us all in an endless cycle of chasing the next credential. Brown, Lauder, and Chueng provide a clear and compelling argument for an alternative vision of labor markets that accounts for job creation, job destruction, and job skills, providing a roadmap for coming to terms with real inequalities in opportunity and life chances." -Kevin T. Leicht, Professor of Sociology, University of Illinois Urbana-Champaign

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