{"title":"The economics of human development: ‘Investing in children’ or ‘children as an investment’? And why it matters","authors":"Liliana Fernandes","doi":"10.1177/14639491241268126","DOIUrl":null,"url":null,"abstract":"Traditional Human Capital Theory (HCT) views ‘children as an investment’ and is concerned with how children can be turned into productive members of society. The Economics of Human Development (EHD) grew out of the HCT but positions itself closer to the Capability Approach (CA), where ‘investing in children’ means a social commitment to children's human development. The purpose of this article is to critically analyse the EHD and its actual positioning. It concludes that the EHD's approach is essentially the same as that of the HCT, paying attention to children insofar as they are the future adult workforce. Although having appropriated the terminology of the CA, the EHD reduces social problems to economic problems, ultimately promoting a social policy that puts economic returns ahead of human development.","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":"1 1","pages":""},"PeriodicalIF":17.7000,"publicationDate":"2024-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/14639491241268126","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
Traditional Human Capital Theory (HCT) views ‘children as an investment’ and is concerned with how children can be turned into productive members of society. The Economics of Human Development (EHD) grew out of the HCT but positions itself closer to the Capability Approach (CA), where ‘investing in children’ means a social commitment to children's human development. The purpose of this article is to critically analyse the EHD and its actual positioning. It concludes that the EHD's approach is essentially the same as that of the HCT, paying attention to children insofar as they are the future adult workforce. Although having appropriated the terminology of the CA, the EHD reduces social problems to economic problems, ultimately promoting a social policy that puts economic returns ahead of human development.
期刊介绍：
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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