The Death of Human Capital?: Its Failed Promise and How to Renew It in an Age of Disruption

Human capital theory, or the notion that there is a direct relationship between educational investment and individual and national prosperity, has dominated public policy on education and labor for the past fifty years. In The Death of Human Capital?, Phillip Brown, Hugh Lauder, and Sin YiCheung argue that the human capital story is one of false promise: investing in learning isn't the road to higher earnings and national prosperity. Rather than abandoning human capital theory, however, the authors redefine human capital in an age of smart machines. They present a new human capitaltheory that rejects the view that automation and AI will result in the end of waged work, but see the fundamental problem as a lack of quality jobs offering interesting, worthwhile, and rewarding opportunities. A controversial challenge to the reigning ideology, The Death of Human Capital? connectswith a growing sense that capitalism is in crisis, felt by students and the wider workforce, shows what's at stake in the new human capital while offering hope for the future.

Business & Money

Brown, Phillip

Lauder, Hugh

Cheung, Sin Yi

Economics

Oxford University Press

Human capital theory, or the notion that there is a direct relationship between educational investment and individual and national prosperity, has dominated public policy on education and labor for the past fifty years. In The Death of Human Capital?, Phillip Brown, Hugh Lauder, and Sin Yi Cheung argue that the human capital story is one of false promise: investing in learning isn't the road to higher earnings and national prosperity. Rather than abandoning human capital theory, however, the authors redefine human capital in an age of smart machines. They present a new human capital theory that rejects the view that automation and AI will result in the end of waged work, but see the fundamental problem as a lack of quality jobs offering interesting, worthwhile, and rewarding opportunities. A controversial challenge to the reigning ideology, The Death of Human Capital? connects with a growing sense that capitalism is in crisis, felt by students and the wider workforce, shows what's at stake in the new human capital while offering hope for the future.

Today, economic success is seen as depending on the creation of a high-skilled workforce. This is the first book to offer a comparative examination of national routes to a 'high skill' economy.

High Skills: Globalization, Competitiveness, and Skill Formation

Green, Andy

The Global Auction: The Broken Promises of Education, Jobs, and Incomes

For decades, the idea that more education will lead to greater individual and national prosperity has been a cornerstone of developed economies. Indeed, it is almost universally believed that college diplomas give Americans and Europeans a competitive advantage in the global knowledge wars. Challenging this conventional wisdom, The Global Auction forces us to reconsider our deeply held and mistaken views about how the global economy really works and how to thrive in it. Drawing on cutting-edge research based on a major international study, the authors show that the competition for good, middle-class jobs is now a worldwide competition--an auction for cut-priced brainpower--fueled by an explosion of higher education across the world. They highlight a fundamental power shift in favor of corporate bosses and emerging economies such as China and India, a change that is driving the new global high-skill, low-wage workforce. Fighting for a dwindling supply of good jobs will compel the middle classes to devote more time, money, and effort to set themselves apart in a bare-knuckle competition that will leave many disappointed. The authors urge a new conversation about the kind of society we want to live in and about the kind of global economy that can benefit workers, but without condemning millions in emerging economies to a life of poverty. The Global Auction is a radical rethinking of the ideas that stand at the heart of the American Dream. It offers a timely exposé of the realities of the global struggle for middle class jobs, a competition that threatens the livelihoods of millions of American and European workers and their families. "A brilliant new book." - Andrew Reinbach, The Huffington Post "This is a very important book. Their critique of the present state of global capitalism is both timely and convincing." - Roger Brown, Times Higher Education "[A]truly outstanding volume."-Lois Weis, University of Buffalo, British Journal of Sociology of Education. "The Global Auction is a must-read for parents, college students, and policymakers. We press the message to our children: 'Study. Get degrees. Get a good job. And you will live the good life.' But such claims are strikingly at odds with the realities of income stagnation and poor job prospects. The authors explain how this dramatic breakdown between rhetoric and reality happened and how we might reconstruct an alternative future in which education becomes meaningful and fulfilling in its own right." -Henry M. Levin, Columbia University "This is a challenging and very timely book. The gauntlet is thrown down to economists wedded to human capital theory and to sociologists who see education as the great engine of social mobility." -John Goldthorpe, University of Oxford "The Global Auction deals with one of the most pressing issues of our times: how the significant expansion in the labor supply available to multinational corporations is leading to dramatic shifts in the location of employment around the world. It draws on years of in-depth research, offering valuable insights for both academics and business leaders."-David Finegold, Rutgers, The State University of New Jersey "Brown, Lauder, and Ashton's book is brilliantly argued and provides a wakeup call to global citizens everywhere. There is no substitute for the regulation of global capitalism in the interests of the many rather than the few, and this book slams the door on the last set of excuses for maintaining the current system-that somehow the educated will escape the race to the bottom."-Kevin Leicht, University of Iowa

The Oxford Handbook of Affective Computing (Oxford Library of Psychology)

Computers & Technology

Ashton, David

Computer Science

Sports Coaching Research: Context, Consequences, and Consciousness (Routledge Research in Sport, Culture and Society)

This book raises critical questions about the explanatory framework guiding sports coaching research and presents a new conceptualization for research in the field. Through mapping and contextualizing sports coaching research within a corporatized higher education, the dominant or legitimate forms of sports coaching knowledge are problematized and a new vision of the field, which is socially and culturally responsive, communitarian and justice-oriented emerges.

Sports & Outdoors

ANDREWS, DAVID

Silk, Michael

Bush, Anthony

Miscellaneous

Routledge

Over the white wall: Poems (The Caxton Press new poetry series)

Caxton Press

Towards Successful Schooling  (RLE Edu L Sociology of Education)

Wylie, Cathy

Taylor&Francis

Knowledge, Values and Educational Policy

Daniels, Harry

Porter, Jill

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Books by Lauder, Hugh