Keywords
investment
human capital
wages
money
work
profit
How to Cite
Abstract
The relevance of the topic lies in the study of progressive programs that are related to human resources, namely, the problems of investing in people. The purpose of our study is to present an alternative scientific research program in the field of human capital, from the point of view of the appropriateness of the methodology of research programs. On the basis of the methods used, such as: analysis, synthesis, scientific abstraction, comparison and logical generalization of the identified trends, which are necessary for making effective decisions regarding progressive programs of investing in human capital, progressive programs of investing in people have been researched. Historical and dialectical methods were also used, which made it possible to investigate the formation and development of human capital and to study the influence on the development of accounting. In the study, identified and characterized the derived from capital categories, which are related and enable a broader understanding of double-entry accounting. That is, the natural definition of the category of money is presented. This definition represents the nature of a monetary unit, as a confirmation of the employee's performance of work and measurement of its value. Also presented is a scheme for the formation of wages equivalent to the amount of work performed, the size of which is established using the concept of accounting for human capital. In our opinion, this is a fundamental change in economic and accounting opinion. In the study, we highlight four fundamental laws, which, in opinion, are a significant basis for theoretical reasoning and empirical research. These laws form the conditions and set certain requirements for capital growth processes. Failure to take into account in economic life the representations above the laws leads to the loss of competitiveness by business entities, lack of profits and bankruptcy. According to research in this field and the constant improvement of the organization of social life, will necessarily lead to the avoidance of the corresponding costs associated with individual stages of the formation and maintenance of human capital.
References
Mirowski P. (1989) More Heat than Light, Economics as social physics: Physics as nature’s economics. Cambridge University Press.
Kurek B. (2007) The Deterministic Risk Premium Hypothesis: A PhD Thesis. Cracow: Economy in Krakow.
Dobija M., Barburski J., Górowski I., Kozioł W. & Kurek B. (Eds.) (2010) Theory of measurement of capital and profit. Cracow: Publishing house of the Cracow University of Economics.
Dobija M., Linda M. Cornwall (Ed.) (2007) Abstract Nature of Capital and Money. New York: New Developments in Banking and Finance, Nova Science Publishers, Inc.
Today in science history. Available at: http://www.todayinsci.com/K/Kelvin_Lord/Kelvin_Lord1.htm
Dobia M. (2011) Laborism. Scientific research program in the field of human capital and labor. Problems of the theory and methodology of accounting, control and analysis, vol. 3(21), no. 1, p. 119–134.
Dobija M. & Jędrzejczyk M. (2011) Sketches from the history of accounting. Cracow: Polish Economic Society.
Blaug M. (1995) Economic methodology. Warsaw: PWN Scientific Publishing House.
Dobija M. (2011) Abstract Nature of Money and the Modern Equation of Exchange. Modern Economy, vol. 2, p. 142–152. DOI: https://doi.org/10.4236/me.2011.20019
Dobija M. (1997) How much should an anesthesiologist earn? Master of Business Administration, no. 5.
Dobija M. (2005) The dynamic equilibrium of capital as a source of economic laws. and economic growth. Human and intellectual capital, vol. 1, no. 6, p. 15–25.
Kurek B. & Górowski I. (Eds.) (2008) The risk premium estimation on the basis of adjusted ROA. General Accounting Theory. Evolution and Design for Efficiency. Warsaw: Academic and Professional Publishers.
Kozioł W. (2010) Measurement of human capital as the basis for shaping wagerelations in an organization: a doctoral dissertation. Cracow: Cracow University of Economics.
Renkas Yu. (2011) The size of the economic sustainable potential growth and the establishment of the minimum wage for Ukraine using it. Problems of the theory and methodology of accounting, control and analysis. Series: Accounting, control and analysis, vol. 2(20), p. 406–413.
Dobija M. (2009) Fundamental causes of financial crises. Determinants of economic development. Micro- and macroeconomic aspects. Scientific Journals of the Małopolska University of Economics in Tarnów, vol. 2(13), p. 1.
Malyuga N.M. & Davidyuk T.V. (2003). Double entry in accounting: historical and theoretical aspect. Zhytomyr: PE «Ruta».
Rushkoff D. (2006) Open Source Currency. In J. Brockman, What is your dangerous idea. Edge Foundation, Inc. Polish edition Smak Słowa, Sopot.
Dobija M. (1998) How to place human resources into the balance sheet? Human Resources Costing and Accounting, vol. 3, no. 1.
Cieślak I. & Dobija M. (2007) Theoretical foundations of human capital accounting. Scientific Journals, no. 735, p. 5–24.
Atkins P. (2005) Galileo's finger. Ten great ideas of science. Poznań: Rebis Publishing House.
Butynets F. & Dobi M. (Eds.) (2010) Theory of capital and profit measurement. Krakow: Foundation of the Cracow University of Economics.
Mazur M. (1976) Cybernetics and character. Warsaw: National Publishing Institute.
Dobija M. (2009) Fundamental causes of financial crises. Determinants of economic development. Micro- and macroeconomic aspects. Scientific Journals of the Małopolska University of Economics in Tarnów, vol. 2(13), p. 1.
Goetzmann W.N. & Ibbotson R.G. (2005) History and the Equity Risk Premium. Yale ICF Working Paper, no. 05-04. Available at: http://ssrn.com/abstract=702341
Schultz T. (1960) Capital Formation by Education. Journal of Political Economy, no. 6, p. 571–583.
Becker G. (1997) Human capital: A Theoretical and Empirical Analysis with Special Reference to Education.
Lakatos I. (1976) Proofs and Refutations. Cambridge: Cambridge University Press.
Bliss J.Ch. (1975) Capital Theory and the Distribution of Income, Oxford: North-Holland
Ijiri Y. (1995) “Segment Statements and Informativness Measures, Managing Capital vs. Managing Resources”. Accounting Horizons, vol. 9, no. 3, pp. 55–67.
Hamilton W. (1835) Report of the Fourth Meeting of the British Association for the Advancement of Science.
Publication: Investing in Human Capital for a Resilient Recovery: The Role of Public Finance. Available at: http://hdl.handle.net/10986/35840
World Bank: Investing in human capital is a top priority for Ukraine in the context of the pandemic. (2020). Available at: https://www.worldbank.org/en/publication/human-capital
Prohrama rozvytku OON: Dopovid pro liudskyi rozvytok 2019 [UNDP: Human Development Report 2019]. (2019) Available at: http://www.un.org.ua/images/documents/4792/Ukraine%20(ukr).pdf.
The Human Capital Project. (2018) World Bank, Washington, DC. Available at: https://openknowledge.worldbank.org/handle/10986/30498.
Flores E., Xu X., Lu Y. (2020) Human Capital 4.0: a workforce competence typology for Industry 4.0. Journal of Manufacturing Technology Management, vol. 31, no. 4, p. 687.
Vereycken Y., Ramioul M., Desiere S. and Bal M. (2021) Human resource practices accompanying industry 4.0 in European manufacturing industry. Journal of Manufacturing Technology Management, vol. 32, no. 5, pp. 1016–1036. DOI: https://doi.org/10.1108/JMTM-08-2020-0331