Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)

Abstract

Human Capital as a Factor in the Formation of Homo Economicus: A Social Aspect on the Example of the PRC

Author(s): Elena A. Kozlovskaya, Konstantin K. Kumekhov, Zhaklin M. Sarkisyan, Alim Borisovich Fiapshev

 The accumulation of human capital in modern society is universally recognized as the main driving force of the development of modern economic systems. It is based on the emerging image of ‘Homo economicus’ which has a leading role. In the social sciences, this phenomenon is interpreted in a narrow sense, without taking into account the connection with the ‘social man’, ‘environmental man’, ‘anatomical man’, etc. The present research explores the impact of this approach on the example of the PRC and other countries of Southeast Asia on the level of suicides among students. Collecting and processing information, the authors used monographic and statistical methods of analysis, as well as expert estimates and extrapolations. The research allowed clarifying the content and relationship of the concepts of human capital and H.economicus; establishing basic principles for the formation of human capital and their impact on ‘behavioral lines’; identifying the main reasons for the high level of suicides occurring in the process of accumulating human capital in China and describing the main directions for overcoming them. The research revealed that to minimize the negative manifestations of the relationship between human capital and H.economicus, it is necessary to involve scientists from other fields of scientific activity, in particular: anthropology, medicine, ergonomics, ecology, etc.

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