The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
An exploration of human capital theory and its effects on the world of education
Abstract
Human Capital Theory (HCT) plays an important part in the effects the economy has on education and in describing the economic role of education. According to HCT, individuals acquire knowledge and skills called human capital through a number of activities, mainly through education and training. This chapter describes the historical development of HCT in general terms and looks at some criticisms concerning the theory. It focuses on the role HCT plays in the economisation of education. The chapter explains the contemporary role of HCT and its effects on educational policies along with the roles of global actors. Several criticisms directed to HCT are available. Some alternative approaches call attention to missing elements of the theory, whereas others criticise HCT more radically. HCT also determines the way individuals who are to receive education should behave. According to the basic argument of HCT, individuals make calculations of benefit-cost.
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“Human Capital Theory (HCT) asserts that both individuals and organizations derive benefits from investments in education, training, and skills enhancement [12].”
From Ensuring leadership continuity: An integrative review of succession planning, leadership development and organisational memory (2025) · cites this paper as [12]
Citations
Cites
Educating Lone Wolves: Pedagogical Implications of Human Capital Theory
Baptiste, I. (2001) · Adult Education Quarterly · doi:10.1177/074171360105100302 · Cited by 143
Educating Lone Wolves: Pedagogical Implications of Human Capital Theory
Baptiste, I. (2001) · Adult Education Quarterly · doi:10.1177/07417130122087232 · Cited by 90
Cited by
Anos, C. (2025) · Edelweiss Applied Science and Technology · doi:10.55214/25768484.v9i5.7607 · Cited by 11
Selelo, M. E., Mokoele, N. J., & MNISI, P. T. (2023) · International Journal of Environmental Sustainability and Social Science · doi:10.38142/ijesss.v4i6.739 · Cited by 4
“Buyruk (2020) contends that human capital theory guides the behavior of individuals in their pursuit of education.”
BackgroundInfluentialSenadjki, A., Ogbeibu, S., Yip, C. Y., Yong, H. N. A., & Senadjki, M. (2021) · SN Business & Economics · doi:10.1007/s43546-021-00063-8 · Cited by 3
Human Capital Leadership: Principals Leading Schools’ Human Capital
Zerrad, H., & Schechter, C. (2025) · Educational Administration Quarterly · doi:10.1177/0013161x251396438 · Cited by 1
“Additionally, some researchers emphasize the method of acquiring knowledge and skills, positing that the essence of human capital in education lies in enhancing teachers ’ productivity through formal education and experiential learning (Buyruk, 2020; Sirak et al., 2022).”
Metadata
- Authors
- Buyruk, H.
- Corresponding author
- Buyruk, Halil
- ORCID
- Buyruk, Halil
- Venue
- Understanding Education and Economics
- Publisher
- Routledge
- Published
- 2020-03-04
- Pages
- 64-76
- OpenAlex
- W3012378185
- Cited by
- 3
- References
- 2
- Citations by year
- 2025: 1 · 2023: 1 · 2021: 1
- FWCI
- 4.36
- Type
- book chapter
- Language
- en
- Open access
- closed
- Locations
- Routledge eBooks (publishedVersion)
- Topics
- Social Sciences › Political Science and International Relations › Global Educational Policies and Reforms
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Education and Labor Relations
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Politics, Economics, and Education Policy
- Keywords
- human capital theory, education policy, education and economy
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- Buyruk, H. (2020). An exploration of human capital theory and its effects on the world of education. Understanding Education and Economics. https://doi.org/10.4324/9780429020933-6
