2011
DOI: 10.2478/v10159-011-0011-3
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State Education as High-Yield Investment: Human Capital Theory in European Policy Discourse

Abstract: Human Capital Theory has been an increasingly important phenomenon in economic thought over the last 50 years . The central role it affords to education has become even more marked in recent years as the concept of the 'knowledge economy' has become a global concern . In this paper, the prevalence of Human Capital Theory within European educational policy discourse is explored . The paper examines a selection of policy documents from a number of disparate European national contexts and considers the extent to … Show more

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Cited by 59 publications
(50 citation statements)
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“…People with disabilities, the elderly, the mentally ill, the weak and the frail are less likely to contribute to the 'knowledge economy'. As Gillies (2011) has pointed out, they did not play a major role in bringing about the banking crisis in 2008 and unleashing the ensuing economic woes. They are also less likely to be direct beneficiaries of the knowledge economy, and indeed they may suffer disproportionately as governments cut back on the additional support they require.…”
Section: Making Room For Those Left Right Behindmentioning
confidence: 94%
See 3 more Smart Citations
“…People with disabilities, the elderly, the mentally ill, the weak and the frail are less likely to contribute to the 'knowledge economy'. As Gillies (2011) has pointed out, they did not play a major role in bringing about the banking crisis in 2008 and unleashing the ensuing economic woes. They are also less likely to be direct beneficiaries of the knowledge economy, and indeed they may suffer disproportionately as governments cut back on the additional support they require.…”
Section: Making Room For Those Left Right Behindmentioning
confidence: 94%
“…In the wake of the global financial crisis, the central goal of the Lisbon Strategy, namely to make the European Union 'the most dynamic and competitive knowledge-based economy in the world, capable of sustained economic growth with more and better jobs and greater social cohesion' 2 rings more hollow than ever before. As Gillies (2011) has pointed out, human capital theory presents education as 'instrumental for economic growth or economic "success", without ever indicating what this economic development is for' (p. 236). It is worth pointing out that the lofty aspirations of the Lisbon Strategy are entirely consonant with the economic foundations of the European Commission, founded in 1957 as the European Economic Community (EEC).…”
Section: The European Reference Framework: a Brief Structural Surveymentioning
confidence: 97%
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“…A school which is constantly concerned with quality is above all an "enterprising" school based on the notion that it produces or provides something. What is being produced and provided is human capital (see Gillies 2011). As a product, this has to be standardised for the public and has to be observable, measurable and achievable-and with the help of technologies of governmentality (Kopecký 2011), such as audits and self-evaluations, the school as an entrepreneurial organisation can demonstrate the relationship between inputs, processes and outputs (Rose 1999).…”
Section: School Culture In Managerial Strategies For Social Changementioning
confidence: 99%