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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.
A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research positing t...
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***FOR EVALONLY!!!***** Reading this book, we are shocked to realize how a family can be broken when they are forgotten, ignored or judged by those institutions whose mission is to offer them support. We discover the true story of a tragedy that not only brought its victim into despair, solitude and eventually death, but also imprisoned his close ones into silence. Fortunately, the situation of criminal act victims and their families has changed but only because they have let their voice be heard, as Pierre has done on behalf of his father and his family. But at what cost? The answer is in his book: At the cost of his fathers inner life. The day of the abduction marked the beginning of Charles journey into solitude which continued to deepen until his death. Being abducted and having his reputation and honor destroyed resulted into isolation, as if he had been dehumanized After 40 years, I hope that this book will help towards re-establishing the reputation of the victim and his family, and that shedding light at the end of this very long tunnel of suffering will be their reward.
AI, Big Data and other 4th Industrial Revolution technologies are poised to wreak havoc in virtually every industry, unlocking huge productivity gains via automation of labor both manual and cognitive. Less discussed are the impacts on workers, who see the value of their skills erode, along with the menace of mass structural unemployment. How can workers assess their vulnerabilities? What can they do to improve their prospects, effective immediately? In this book, you will learn how to: - Survey new tech and decrypt their potential impacts on work - Assess your strengths and weaknesses in the face of AI, the shared economy, and other tech-propelled threats - Foment a battle plan to survive and thrive Ashley Recanati provides guidance for employees to rise above their peers and preserve their value, in a book that will interest managers and scholars, but foremost destined to ordinary workers.
Examine what would happen if we were to deploy blockchain technology at the sovereign level and use it to create a decentralized cashless economy. This book explains how finance and economics work today, and how the convergence of various technologies related to the financial sector can help us find solutions to problems, such as excessive debt creation, banks getting too big to fail, and shadow banking. The Blockchain Alternative offers sensible corrections to outdated and incorrect dogmas, such as the efficient markets hypothesis and rational expectations theory. You’ll also be introduced to universal basic income, the consequences of going cashless, why complexity economics needs to be ...
What is work? Is it simply a burden to be tolerated or something more meaningful to one's sense of identity and self-worth? And why does it matter? In a uniquely thought-provoking book, John W. Budd presents ten historical and contemporary views of work from across the social sciences and humanities. By uncovering the diverse ways in which we conceptualize work—such as a way to serve or care for others, a source of freedom, a source of income, a method of psychological fulfillment, or a social relation shaped by class, gender, race, and power—The Thought of Work reveals the wide-ranging nature of work and establishes its fundamental importance for the human experience. When we work, we e...
Overcoming crises and forging alternatives is the most pressing issue of our times. In this book, Stephen McBride explores the multiple crises defining neoliberalism, identifying the linkages between them, and argues for radical solutions to revive our increasingly dystopian political and economic world.
Comprises a collection of papers which examine recent changes in the distribution of weekly working time in Canada and the United States, the implications of the changing distribution of hours worked for earnings inequality, and efforts to reduce unemployment through mandated hours reductions. Analyses also general patterns and trends in working time over the life cycle and nonstandard employment arrangements. Covers mainly the period from the 1970s to 1990s.