Title:

Human capital, knowledge, and innovations

Group publication title:

Argumenta Oeconomica

Creator:

Schumann, Jochen

Subject and Keywords:

history o f economic thought ; human capital ; knowledge ; inventions ; innovations

Description:

Argumenta Oeconomica, 2007, No 1-2 (19), s. 199-210

Abstrakt:

Founded on Heinrich von Starch's theory of "inner goods", the paper develops the concept of a person's or an economy's stock of human capital, which comprises the competences of health, of skills, of gaining insight, of adaequate social, cultural and political behaviour. Knowledge in a wide definition is the total of all these competences. Knowledge in a narrow definition is the competence of gaining insight; its application includes the activity of making an invention. A Schumpeterian entrepreneur uses an invention to develop and to introduce a new profitable product. The new knowledge contained in the product is, in a process of dynamic competition, first used as a private good, then it is regularly exposed by "open knowledge disclosure" to a club or network of users, and finally, it becomes available to everybody as a public good

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2007

Resource Type:

artykuł

Format:

application/pdf

Language:

eng

Relation:

Argumenta Oeconomica, 2007, No 1-2 (19)

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu