Of any group of ancient or medieval thinkers it is the Talmudic writers who came closest to the thought world of the modern human capital theorists. The only other group which might be considered in this regard is the one comprising the jurists of ancient Rome. However, the insights of the...

Since the 1960s, the concept of “human capital” has become an increasingly familiar idea for modern economists. Analysis related to this concept has had significant applications with respect to issues concerning the supply of labour and its remuneration. The applications have also gone...

As social economics is a value‐directed enquiry into economic theory as it pertains to the formulation of economic policy it is incumbent upon the social economist not merely to state a value position but to provide reasons for holding this position. In this manner values enter the realm of...