Reproduction Structure and Technological Progress in Economy: The Role of Talents as Capital

Tochimoto, Michio (2017): Reproduction Structure and Technological Progress in Economy: The Role of Talents as Capital. Published in: Rikkyo Economic Review , Vol. 69-5, (14 March 2016): pp. 221-247.

Abstract

Human activities in concrete production are diversified from product manufacturing, service production to management technology. Technological progress is organized into such various human activities. This paper is written on our “Talents capital hypothesis”, after surveying the genealogy of economic thought since Smith, and, carefully examining the theoretical basis of the hypothesis. The concept “Talents capital” comprehensively captures the human activities. The hypothesis is that realistic technological progress should be based on qualitative development of "Talents capital", that is, accumulation and succession of production-related knowledge and technology, embodied in workers group (=personal owner of individual enterprises as well as employee (including corporate officer) in general enterprises) .

• Item Type: MPRA Paper
• Language: English
• Keywords: Talents Capital; technological Progress; economic reproduction structure
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B0 - General > B00 - General; D - Microeconomics > D2 - Production and Organizations > D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity; D - Microeconomics > D2 - Production and Organizations > D29 - Other; D - Microeconomics > D3 - Distribution > D33 - Factor Income Distribution

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