Thomas Gilbert, "Human Competence: Engineering Worthy Performance" (1974, 1996, 2007) Gilbert’s Leisurely Theorem Leisure being a synonym for human capital that is the product of time and opportunity. Human capital is the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value, i.e. the economic value of a worker’s experience and skills. The supply of labor: Assume in work (labor) or in leisure are the two ways in which an individual can spend his/her time. Through work, an individual earns income; in leisure, the individual consumes goods. As time worked increases with rise in income till a particular point, after which the workers start preferring leisure to work. Those with more income have a choice to enjoy more leisure. 1st Leisurely Theorem: Human competence is a function of worthy performance (W), which is a function of the ratio of valuable accomplishments (A)...
Comments
Post a Comment