Galor, Oded; Moav, Omer - C.E.P.R. Discussion Papers - 2001
increasing importance of human capital in sustaining their profit rates. The Paper argues that the process of capital … capital accumulation. Due to the complementarity between physical and human capital in production, the Capitalists were among … the prime beneficiaries of the potential accumulation of human capital by the masses. They had therefore the incentive to …