Human investment from an economic perspective

Human investment from an economic perspective

Charles Myers says in his book “Human resources development strategies” Human resources development processes are essential to changing the social systems sought by the regenerative nations.

This goal cannot be separated from the goal of economic growth in any realistic policy-making analysis.

Although a number of economists attach importance to human investment and their efforts in economic theory, most economic development planners only mean a little bit by analyzing human resources.

Although they recognize that some investments in education are economic, because they directly lead to increased economic growth, they see other spending on education and resource development Humanity is primarily (social investment) and should be determined somehow of the rest.

In fact, in practice, it is difficult for us to calculate the financial rate of return from any educational project in the same way that we calculate the return from a dam or factories, because of the difficulty of ascertaining how much It is an consumption and how much an investment represents.

The recent economic analyses of human investment, although an important contribution to economic theory, are not yet of little use to planners, in terms of highlighting them. The general importance of education and its suggestion that some education costs can be considered an investment, not just a current consumption or social expense.

It is not surprising, then, to learn that the most vulnerable sections of almost all other economic development plans are those related to education, training and other aspects of people's preparation development.

It is only if we can accurately analyse human resource development processes, not just financial returns.

Efforts to further emphasize the importance of human resources to political theory and attempts to measure the contribution of education to economic growth are all Constructive efforts and attempts.

But the idea that human resources development can or should be analysed only in an economic way is misleading, as it would be wrong to assume that the primary purpose of human resource development is to increase Human contribution to the creation of productive services and goods to the fullest extent possible, and it is not in fact enough to measure the return from education in terms of increasing the incomes of individuals only or increasing the overall income of the system economic.

Certainly, the increase in production shouldn’t be the only measure of the effectiveness of human resource development.

However, economists as technical specialists tend to measure progress only in terms of economic standards, even if they are members of society, with a broad view of the objectives of this Community.

On the other hand, it is a logical fallacy to say that education and other means of human development should be considered human rights, regardless of their contribution to the production of beneficial goods and services.

Education for citizenship, education to adapt to life or education in order to raise the value of freedom, dignity and human value are all legitimate objectives, but they are only partially considered to be the aspirations of societies. modern and her hopes.

The purely human way of dealing with human resource development, like the limited economic method, distorts the true meaning of the hopes of modern man and modern societies.

In conclusion, estimating human resources growth is the logical starting point for any growth analysis and keeping pace with the times.