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Debunking The ‘Knowledge Economy’

The Limits of Human Capital Theory

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The Knowledge Economy and Lifelong Learning

Part of the book series: The Knowledge Economy and Education ((KNOW,volume 4))

Abstract

If the common response of so many people to conditions of their own underemployment is to seek still more education, there must be some substantial bases for this response. In this chapter, I will look critically at two of these bases: (1) the widespread belief that jobs in the emerging future economy will require vastly increased numbers of highly educated workers; and (2) the relationship between more education and increased earnings which is widely presumed to apply not only to individuals but to societies.

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  1. D. W. Livingstone
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Editors and Affiliations

  1. University of Toronto, Ontario, Canada

    D. W. Livingstone

  2. University of London, London, UK

    David Guile

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Livingstone, D.W. (2012). Debunking The ‘Knowledge Economy’. In: Livingstone, D.W., Guile, D. (eds) The Knowledge Economy and Lifelong Learning. The Knowledge Economy and Education, vol 4. SensePublishers, Rotterdam. https://doi.org/10.1007/978-94-6091-915-2_5

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