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The Institutions of human capital

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The institutions of human capital are seen here as a key aspect of the shaping of alternative business systems societally. Acting in conjunction with those governing financial and social capital, they provide the matrix in which patterns of economic coordination and control evolve. They are treated here in terms of two main dimensions : the development of human talent in systems of education and training ; and the channelling of such talent into the economy via labour market structures. Contrasting structures of general education are shown across six societies. The evolution historically of different systems of technical training is discussed in terms of institutional change and differentiation between societies. Attention is paid to the roles of interest groups in the shaping of systems of human capital. Labour market policies are considered for their impact on the emergence of quite different labour market types.

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