Synopsis
Higher education is often considered as one of the safest and most profitable investments in human capital. There are, however, signals that this sector has been experiencing unsustainable economic boom in the United States. This study examines the ability of the business cycle theory provided by Austrian School to explain the possibility of such boom, i.e. to explain the potential systematic errors in the allocation of human capital. We find that respective allocation is driven by the similar market forces as the allocation of physical capital and hence, that it may fall victim to the same, or similar false market signals, thus creating the cycle of boom and bust.
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Misallocation of Human Capital: The Perspective of Austrian School
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Misallocation of Human Capital: The Perspective of Austrian School
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Higher education is often considered as one of the safest and most profitable investments in human capital. There are, however, signals that this sector has been experiencing unsustainable economic boom in the United States. This study examines the ability of the business cycle theory provided by Austrian School to explain the possibility of such boom, i.e. to explain the potential systematic errors in the allocation of human capital. We find that respective allocation is driven by the similar market forces as the allocation of physical capital and hence, that it may fall victim to the same, or similar false market signals, thus creating the cycle of boom and bust. 88 pp. Englisch. Seller Inventory # 9783659711299
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Misallocation of Human Capital: The Perspective of Austrian School
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Skala JakubJakub Skala is a graduate from Institute of Economic Studies at Charles University in Prague. He is also the vice-president of the Czech & Slovak Ludwig von Mises Institute.Higher education is often considered as one o. Seller Inventory # 158123529
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Misallocation of Human Capital: The Perspective of Austrian School
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -Higher education is often considered as one of the safest and most profitable investments in human capital. There are, however, signals that this sector has been experiencing unsustainable economic boom in the United States. This study examines the ability of the business cycle theory provided by Austrian School to explain the possibility of such boom, i.e. to explain the potential systematic errors in the allocation of human capital. We find that respective allocation is driven by the similar market forces as the allocation of physical capital and hence, that it may fall victim to the same, or similar false market signals, thus creating the cycle of boom and bust.Books on Demand GmbH, Überseering 33, 22297 Hamburg 88 pp. Englisch. Seller Inventory # 9783659711299