Integrating Human Capital with Human Development: The Path to a More Productive and Humane Economy

234 Pages·2016·2.265 MB·English

by  John F. Tomer (auth.)

INTEGRATING HUMAN CAPITAL
WITH HUMAN DEVELOPMENT
Palgrave Advances in Behavioral Economics
SERIES EDITOR: John F. Tomer
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Integrating Human Capital with Human Development: The Path to a
More Productive and Humane Economy
By John F. Tomer
INTEGRATING HUMAN CAPITAL
WITH HUMAN DEVELOPMENT
THE PATH TO A MORE PRODUCTIVE
AND HUMANE ECONOMY
John F. Tomer
INTEGRATING HUMAN CAPITAL WITH HUMAN DEVELOPMENT
Copyright © John F. Tomer 2016
Softcover reprint of the hardcover 1st edition 2016 978-1-137-47352-3
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DOI: 10.1057/9781137456748
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Library of Congress Cataloging-in-Publication Data
Tomer, John F., author.
Integrating human capital with human development : the path to a
more productive and humane economy / John F. Tomer.
pages cm.—(Palgrave advances in behavioral economics)
Includes bibliographical references and index.
1. Social capital (Sociology) 2. Human capital. 3. Economics—
Sociological aspects. 4. Economic development—Social aspects.
I. Title.
HM708.T66 2015
302—dc23 2015023125
A catalogue record for the book is available from the British Library.
To the Next Generation,
My Grandchildren,
Hudson, Emma, Milo

CONTENTS
List of Figures ix
Acknowledgments xi
Part I Introduction 1
1. W hy a Broad Conception of Human Capital Is Needed 3
Part II Human Capital and Human Development 1 5
2. Integrating Human Capital with Human Development: Toward
a Broader and More Human Conception of Human Capital 1 7
3. I nvestments in Human Capital to Remedy
Decision-Making Errors 3 9
4. Smart Persons and Human Development: The Missing
Ingredient in Behavioral Economics 6 3
Part III Human Capital and Socioeconomic
Dysfunction 81
5. A dverse Childhood Experiences, Poverty, and Inequality 83
6. W hat Causes Obesity? And Why Has It Grown So Much? 1 09
7. I ntangible Capital, Chronic Ailments, and Other Persistent
Socioeconomic Problems 1 31
Part IV Remedying Socioeconomic Dysfunction 1 51
8. Stemming the Tide of Obesity 1 53
9. Toward Lasting, Significant Improvement in
Our Socioeconomies 177
viii CONTENTS
Part V Conclusion 193
10. Realizing a Society’s Full Potential Requires Investments
in Human Capital That Enable Human Development 195
Notes 203
References 209
Index 2 21
FIGURES
2.1 Educational and cognitive development 21
2.2 Psychosocial and biological development 22
2.3 Brain development 22
2.4 Human development pyramid 23
2.5 Children’s developmental pattern over time 36
5.1 Influences of adverse childhood experiences
throughout the lifespan 89
5.2 Behavioral economic macro model explaining
educational (and income) inequality 9 6
6.1 The rational obesity model 112
6.2 Health science on causes of obesity and poor health 115
6.3 Health choices of the bounded rational actor 1 15
6.4 F actors causing increase in overweight
and obese individuals 1 16
7.1 What is intangible capital? 1 35
7.2 Factors causing increase in chronic health problems 137
8.1 F actors causing increase in overweight
and obese individuals 154
8.2 Responsibility orientation 173