https://www.sfu.ca/~wainwrig/Econ400/jensen-meckling.pdf

Theory of the firm: Managerial behavior, agency costs and ownership structure

In this paper, the concept of social capital is introduced and illustrated, its forms are described, the social structural conditions under which it arises are examined, and it is used in an analys...

/pdf/social-capital-in-the-creation-of-human-capital-1836wo2872.pdf

Social Capital in the Creation of Human Capital

The social world is accumulated history, and if it is not to be reduced to a discontinuous series of instantaneous mechanical equilibria between agents who are treated as interchangeable particles, one must reintroduce into it the notion of capital and with it, accumulation and all its effects. Capital is accumulated labor (in its materialized form or its ‘incorporated,’ embodied form) which, when appropriated on a private, i.e., exclusive, basis by agents or groups of agents, enables them to appropriate social energy in the form of reified or living labor. It is a vis insita, a force inscribed in objective or subjective structures, but it is also a lex insita, the principle underlying the immanent regularities of the social world. It is what makes the games of society – not least, the economic game – something other than simple games of chance offering at every moment the possibility of a miracle. Roulette, which holds out the opportunity of winning a lot of money in a short space of time, and therefore of changing one’s social status quasi-instantaneously, and in which the winning of the previous spin of the wheel can be staked and lost at every new spin, gives a fairly accurate image of this imaginary universe of perfect competition or perfect equality of opportunity, a world without inertia, without accumulation, without heredity or acquired properties, in which every moment is perfectly independent of the previous one, every soldier has a marshal’s baton in his knapsack, and every prize can be attained, instantaneously, by everyone, so that at each moment anyone can become anything. Capital, which, in its objectified or embodied forms, takes time to accumulate and which, as a potential capacity to produce profits and to reproduce itself in identical or expanded form, contains a tendency to persist in its being, is a force inscribed in the objectivity of things so that everything is not equally possible or impossible. And the structure of the distribution of the different types and subtypes of capital at a given moment in time represents the immanent structure of the social world, i.e. , the set of constraints, inscribed in the very reality of that world, which govern its functioning in a durable way, determining the chances of success for practices.

Forms of Capital

This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.

The mechanics of economic development

http://individual.utoronto.ca/zheli/sa1.pdf

On the mechanics of economic development

/pdf/becker-and-foucault-on-crime-and-punishment-a-conversation-58gb70u1sd.pdf

'Becker and Foucault on Crime and Punishment': A Conversation with Gary Becker, François Ewald, and Bernard Harcourt: The Second Session

Investment in Human Capital: Effects on Earnings

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An economic analysis of the family

Introduction Kathryn Ierulli, Edward L. Glaeser and Mariano Tommasi Part I. Discrimination and Immigration: 1. The economics of discrimination: a primer Barry R. Chiswick 2. The economic analysis of immigration George J. Borjas Part II. Crime, Punishment and Rights: 3. Rational criminals and profit maximising police: the economic analysis of law enforcemen David Friedman 4. Property rights in children James S. Coleman Part III. All in the Family: 5. Human capital, fertility and economic growth Robert Tamura 6. Marriage market models Shoshana Grossbard-Shechtman 7. The marriage premium Kermit Daniel Part IV. Government and Politics: 8. The process of government Edgardo Enrique Zablotsky 9. The economic approach to democracy John G. Matsusaka Part V. Health, Religion and Mass Behaviour: 10. The economic approach to addictive behavior Michael Grossman 11. Household production, human capital, and the economics of religion Laurence R. Iannaccone 12. The blind leading the blind: social influences, fads, and informational cascades David Hirshleifer 13. Public health and economic epidemiology Tomas Philipson.

Gary S. Becker

Papers

'Becker and Foucault on Crime and Punishment': A Conversation with Gary Becker, François Ewald, and Bernard Harcourt: The Second Session

Investment in Human Capital: Effects on Earnings

An economic analysis of the family

The new economics of human behavior

Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, Second Edition