Postsecondary education faces challenges often underestimated with educational reforms and international trends in the economics of education. Among the challenges is human capital. Research thus focuses on the historical development of the concept, the post-World War theorists that articulated theories of human capital as the investment in people, and developments in correlation with Human Resource Development (HRD). For theory development in the economics of education, theories of the political economy are defined in order to expand knowledge of human capital and the economic focus of HRD. Through HRD as a frame of reference, new directions are then defined with unanswered questions over current trends in economics and post-secondary learning.
|Keywords:||Economics of Education, Political Economy, Human Capital, Human Resource Development, System Theory, Higher Education, History of Economics|
Alumnus, Adult and Higher Educational Leadership and Policy Analysis, University of Missouri, St. Louis, MO, USA
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