“Human Potential” and “Human Capital”: Similarities and Differences
The concepts “human potential” and “human capital” are analyzed as well as their historic development and sources of appearance of these concepts. The problem of semantic meaning of the concepts “human potential” and “human capital” is explored on the basis of researchers’ scientific achievements. S...
Gespeichert in:
| Datum: | 2013 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | English |
| Veröffentlicht: |
Інститут економіки промисловості НАН України
2013
|
| Schriftenreihe: | Економічний вісник Донбасу |
| Schlagworte: | |
| Online Zugang: | http://dspace.nbuv.gov.ua/handle/123456789/123405 |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| Назва журналу: | Digital Library of Periodicals of National Academy of Sciences of Ukraine |
| Zitieren: | “Human Potential” and “Human Capital”: Similarities and Differences / T.S. Vakarchuk // Економічний вісник Донбасу. — 2013. — № 4 (34). — С. 199–203. — Бібліогр.: 24 назв. — англ. |
Institution
Digital Library of Periodicals of National Academy of Sciences of Ukraine| id |
irk-123456789-123405 |
|---|---|
| record_format |
dspace |
| spelling |
irk-123456789-1234052017-09-04T03:03:15Z “Human Potential” and “Human Capital”: Similarities and Differences Vakarchuk, T.S. Management of Labour and Safety The concepts “human potential” and “human capital” are analyzed as well as their historic development and sources of appearance of these concepts. The problem of semantic meaning of the concepts “human potential” and “human capital” is explored on the basis of researchers’ scientific achievements. Similarities and differences of the concepts “human potential” and “human capital” are defined. У статті проаналізовано поняття “людський капітал” та “людський потенціал”, історичний розвиток та джерела виникнення зазначених понять. Досліджено проблему змістових значень понять “людський потенціал” та “людський капітал”, спираючись на наукові здобутки вчених. Визначено спільні риси та відмінності понять “людський потенціал” та “людський капітал”. В статье проанализированы понятия “человеческий капитал” и “человеческий потенциал”, историческое развитие и истоки возникновения указанных понятий. Исследовано проблему содержательного значения понятий “человеческий потенциал” и “человеческий капитал”, основываясь на научных достижениях ученых. Определены общие черты и отличия понятий “человеческий потенциал” и “человеческий капитал”. 2013 Article “Human Potential” and “Human Capital”: Similarities and Differences / T.S. Vakarchuk // Економічний вісник Донбасу. — 2013. — № 4 (34). — С. 199–203. — Бібліогр.: 24 назв. — англ. 1817-3772 http://dspace.nbuv.gov.ua/handle/123456789/123405 330.142 en Економічний вісник Донбасу Інститут економіки промисловості НАН України |
| institution |
Digital Library of Periodicals of National Academy of Sciences of Ukraine |
| collection |
DSpace DC |
| language |
English |
| topic |
Management of Labour and Safety Management of Labour and Safety |
| spellingShingle |
Management of Labour and Safety Management of Labour and Safety Vakarchuk, T.S. “Human Potential” and “Human Capital”: Similarities and Differences Економічний вісник Донбасу |
| description |
The concepts “human potential” and “human capital” are analyzed as well as their historic development and sources of appearance of these concepts. The problem of semantic meaning of the concepts “human potential” and “human capital” is explored on the basis of researchers’ scientific achievements. Similarities and differences of the concepts “human potential” and “human capital” are defined. |
| format |
Article |
| author |
Vakarchuk, T.S. |
| author_facet |
Vakarchuk, T.S. |
| author_sort |
Vakarchuk, T.S. |
| title |
“Human Potential” and “Human Capital”: Similarities and Differences |
| title_short |
“Human Potential” and “Human Capital”: Similarities and Differences |
| title_full |
“Human Potential” and “Human Capital”: Similarities and Differences |
| title_fullStr |
“Human Potential” and “Human Capital”: Similarities and Differences |
| title_full_unstemmed |
“Human Potential” and “Human Capital”: Similarities and Differences |
| title_sort |
“human potential” and “human capital”: similarities and differences |
| publisher |
Інститут економіки промисловості НАН України |
| publishDate |
2013 |
| topic_facet |
Management of Labour and Safety |
| url |
http://dspace.nbuv.gov.ua/handle/123456789/123405 |
| citation_txt |
“Human Potential” and “Human Capital”: Similarities and Differences / T.S. Vakarchuk // Економічний вісник Донбасу. — 2013. — № 4 (34). — С. 199–203. — Бібліогр.: 24 назв. — англ. |
| series |
Економічний вісник Донбасу |
| work_keys_str_mv |
AT vakarchukts humanpotentialandhumancapitalsimilaritiesanddifferences |
| first_indexed |
2025-07-08T23:36:29Z |
| last_indexed |
2025-07-08T23:36:29Z |
| _version_ |
1837123810069839872 |
| fulltext |
199
Економічний вісник Донбасу № 4 (34), 2013
T. S. Vakarchuk
UDC 330.142
T. S. Vakarchuk,
Dnipropetrovsk Alfred Nobel University
“HUMAN POTENTIAL” AND “HUMAN CAPITAL”:
SIMILARITIES AND DIFFERENCES
Problem definition. Nowadays along with
concepts “human resources”, “human development”,
“labour potential” there are also widely used concepts
“human potential” and “human capital” both in scientific
literature and media as indicators reflecting economic and
social development of the country.
Despite numerous research works on human
potential and human capital, in the scientific literature
one clear definition is absent about what is human
potential, what is the differences in concepts “human
potential” and “human capital”. Moreover, it is often
possible to find the works in which concepts “human
potential” and “human capital” are considered as
synonyms. Indeed, these concepts are not identical and
have a bit different semantic meaning. The most often
they are identified in the attempt to measure human
potential of the country (world) in general, to calculate
costs on forming and producing human capital as well
as calculate economic efficiency of the particular items
of expenses (usually on education and training of qualified
specialists) [1; 2].
Differentiation between “human potential” and
“human capital” is necessary for defining their dialectics,
for correct comparison of value estimations carried out
by global organizations and researchers for building
mathematical models of economic growth (among them
it is essential to mark out, for example, the models by
R. Lukas, P. Romer, G. Mankiv-D. Romer-D. Whale,
D. Romer), in which they use statistic data about particular
economic indicators included in these concepts [3]. Lack
of mentioned information causes the necessity to simplify
the model involving only limited number of indicators
about which data is available.
Analysis of the latest research and publications.
The basics of analysis and science about a person's
productive ability were laid by the classics of political
economy such as W.Petti, A.Smith, D.Ricardo,
A. Marshall, F. List, K. Marx. Research of theoretic
approaches to estimation of human abilities as one of the
kinds of capital could also be found in the works by
J. M. Keynes, J. Schumpeter, T. Veblen, J.-B. Say,
J. H. von Thünen, L. Walras, J. M. Clark, I. Fisher,
M. Friedman and others. The most significant contribution
into the theory of human capital was made by T. Schultz
[4] and G. Becker [5]. Newer research on the given topic
are represented in the works [1 – 3; 6 – 23].
Aims of the article. We try to analyze the problem
of semantic meanings of the concepts “human potential”
and “human capital”, their similar and different features,
relying on scientific investigations.
Main body of the research. The conception of
“human capital” became wide-spread in 1960s. The most
significant contribution into its development in late 1950s –
early 1960s was made by Nobel prize winner of 1979
T. Schultz and Nobel prize winner of 1992 G. Becker
and later by their followers, famous American and British
economists B. Veisboard, J. Mincer, L. Thurow, J. Ben-
Porath, Z. Griliches, M. Blaug, E. Denison, M. Woodhall,
G. Kendrick, B. Chiswick, F. Welch, R. Lukas,
J. Psakharopulos, K. McConnell, S. Brue, E. J. Dolan,
J. Coleman, R. Layard, H. S. Martin, Sh. Dow,
T. Lawson, J. Hodgson and others, who put human
factor into the system of economic notions. In contrast
to already existing scientific research, major attention
was paid to the processes of creating qualitatively new
workforce [6].
The theory of human capital takes people as one of
the factors of production and pays major attention to
forming qualities necessary in the sphere of social
production.
T. Schultz, talking about the concepts “human
potential” and “human capital”, noted that “all the human
resources and capabilities are either inherited or acquired.
Every person is born with an individual complex of genes
which define his/her inherited human potential. Acquired
human assets strengthened with correspondent investment
we call “human capital” [4]. G. Becker thought that human
capital is ability of the person to produce goods and
services. [5].
As V. I. Martsinkevich says, putting human factor
into the system of economical concepts means radical
change of logic, structure and content of all its
components. Human factor he sees as not only the source
of economical opportunities, but also strict examiner of
economic and social abilities of the economy [7].
However, it should be said that despite the numerous
research and scientific works researchers didn’t have a
single approach to the definition of the concept of human
capital. But all of them agree in one: human capital becomes
capital (as well as physical resources) only after particular
investments in it and being capital it takes ability to give
correspondent output in time.
200
Економічний вісник Донбасу № 4 (34), 2013
In the end of 1990s the conception of steady growth
and its key concept “human potential” were formed. In
forming the theory of “human potential” decisive
significance belonged to the research by K. Griffin,
T. McKinley, M. Ul-Haq, R. Jolley, A. Kornea, A. Sen.
The theory of “human potential” comes from the
special role of a person in the modern society. Significance
of a person is not limited only to the necessity of
investments into his/her development, and development
of a society doesn’t go only to increase of volume of
material values and services, rise of material or economic
welfare. It is also needed to give every citizen, every
person the conditions and opportunities necessary for
earning respectable income, realization of the creative
potential, mastering required knowledge, non-stop education,
development of capabilities and getting qualifications, long
and healthy life. Human potential in its meaning is much
wider concept than human capital [8]. Conception of
development of human potential means the analysis of all
the important questions of social development from the
position of personal interests and broadening opportunities.
The opinion of A. Sen, the Nobel prize winner in
Economic Sciences in 1998, the value of human potential
cannot be expressed in only cost or quality indicators.
Understanding human potential means estimation of social
life quality, of economic conditions for formation and
realization of a person’s potential in labour or other socially
recognized activity and if these conditions are created,
human potential can be realized as human capital
becoming a source of income for its bearer and source
of economic growth and social progress for the society [9].
Conceptual research by A.Sen were continued
in annual reports about human development by the
international organization United Nations Development
Programme (UNDP), the first of which was made in
1990 with estimation of economic and social progress
of the countries of the world and there the concept of
“human development” was formulated. This edifice is
oriented on increasing quality of human life, broadening
and improving their opportunities in all the spheres. Main
strategic instrument of the conception of human development
was Human Development Index (HDI), worked out in
1990 by Pakistani economist Mahmub ul Haque [10].
Human Development Index in countries and regions of
the world is calculated by the experts of UNDP along
with the group of independent experts who use both
analytical research and statistic data of national institutions
and international organization for this work. For its
calculation they consider three types of indices: expected
lifetime; level of literacy of population on the country
and expected time of education; standards of living which
is estimated through GDP per capita on PPP in US dollars.
The method of calculation of Human Development Index
is as following: on every mentioned index they define the
level of country’s relative achievements and proceeding
from it they deduce simple average quantity of the Index.
It is used in the issues of special series of the reports but
UNDP about human development. According to this study
social development should be estimated not only by
national income, but also by the achievements in the sphere
of health and education which can be measured in most
countries. Calculation of Human Development Index,
which is done in almost all countries of the world, enables
to identify the countries and regions with high, medium
and low level of human development, highlight the
problems appearing in the process of accumulation and
usage of this human potential resource. In 2010 in Human
Development Report the definition of the concept “human
development” was significantly supplemented. In the
opinion of the authors of this project, definition of human
development as broadening opportunities of human choice
is major but not sufficient. Human development means
preserving positive results during the long period and
resistance to the processes, which cause human oppression
and strengthen structural injustice. That is why such
principles as social justice, steadiness and respect for
the individual have become the key ones.
Modern Ukrainian “Economic encyclopedia. In
three volumes” [11] such a definition of human potential:
“Human potential is the level of present personal
capabilities, talent, level of education, qualification and
their ability to give income”. World Bank also includes
state of health and quality of food in this definition, UNO
includes education, professional experience, physical
state, ability to survive, and other features that provide
human productivity and self-sufficiency. With development
of human progress, workforce stops being only a factor
of production. Investment into the workforce – in
education, health protection, culture, qualification – create
the new quality that is a new form of human wealth.
Nobel Prize winner of 1976 M. Friedman includes “human
capital” in the list of main forms of wealth (money, bonds,
shares, material values). Usage of this category by many
researchers can also be explained with the fact that
“human capital” as well as any other capital is the result
of investment and generates the flow of income during a
particular period, that means it is created when people
invests in themselves, getting education and qualification,
and investments into “human capital” are bought as high-
qualified and productive labour, high salary and psychic
income from work”.
Therefore, the concept “human capital” is included
into the concept “human potential” as in both cases they
consider a person with some education, qualification,
upbringing, motivational advantages etc. However, the
concept of human potential relates more with economic
T. S. Vakarchuk
201
Економічний вісник Донбасу № 4 (34), 2013
activity while the concept of human potential is wider
due to its social and psychological component. Capital is
realized potential. The level of realization depends on many
reasons, including social and psychological, major of
which is quality of state and social management.
Problems of human potential and human capital
were explored by the economists V. S. Avtonomov,
R. I. Kapelyushnikov, V. P. Schetinin, V. I. Martsinkevich,
I. V. Sobolyeva, I. A. Maiburov, O. S. Vlasyuk,
S. I. Pirozhkov, A. B. Doktorovich, T. I. Zaslavs’ka,
D. P. Boginya, O. A. Grishnova, M. I. Dolishnii,
S. M. Zlupko, J. I. Radetskii, Ye. M. Libanova,
S. M. Zadorozhna, N. V. Simkina [1, 7, 8, 13] and many
others.
Further we will examine in more detailed way some
works of the authors, who distinguished the concepts of
“human potential” and “human capital”, put under question
the dialectics of these concepts, explored their semantic
meanings, specifics, similarities and differences,
investigated development of human potential and problems
of its transformation into human capital, so-called
capitalization of human potential in different aspects.
M. I. Khromov [12] thinks, that economic categories
“labour potential” and “labour capital” form human
capital, under which he sees social-economic category
characterizing the system of social relations on suitable,
conscious and professional usage in the process of
production and creation of new value in particular sphere
of economic activity gained in natural way, formed and
developed through investments, health, knowledge, skills,
experience, motives, personal qualities and other productive
abilities which are realized and accumulated in the person
and belong to him/her on the rights of ownership, that
favours increasing productivity of labour as well as
income of the subjects of the process of using human
capital and the person himself/herself and also it favours
achieving the final aim of social development which is
rising human welfare, social-economic development of
the society and general human development.
O. A. Grishnova supposes that human capital is one
of the elements of human potential which is realized in
market economy [13].
As for O. V. Stefanyshyn and V. Pyts [14],
O. A. Chorna [15], J. V. Derii [16], M. V. Nikolaichuk
[17], T. A. Nepokupna and T. V. Brovko [18] and others,
main criterion of distinguishing “human potential” and
“human capital” is obtaining (or non-obtaining) income of
any kind, that means that human potential is transformed
into human capital only in case if its used for getting
income. Realized (capitalized) human potential (or its
element) is human capital.
According to T. V. Davidyuk, human capital is a
realized part of labour potential (which in its turn in certain
circumstances – material and non-material contributions –
is the derivative from human capital), as it expresse those
personal qualities which in certain circumstances (time,
motivation, work) either give income and realize in form
of human capital or not [19].
A. B. Doktorovich distinguished aims of human
potential development (long healthy and active life, non-
stop education, gaining resources necessary for high
level and quality of life) and human capital (increasing
GDP and GRP, obtaining income, increasing labour
efficiency) [20].
Under human potential, T. I. Zaslavs’ka sees the
system of citizens’ physical and spiritual strength, which
can be used for achieving individual and social aims, both
instrumental and existential including broadening potential
of the person and opportunities for self-realization [20].
M. M. Abdusalamova thinks that human potential
should be considered as human capital (in its real
evaluation) plus social-economic conditions of its
formation, development and usage. In other words, in
the estimation of human potential it is necessary to
consider economical aspect of investments into a person
as well as the characteristics of social environment forming
this person’s personality, their value and preferences
system, structure of interests, level of activity etc., along
with quality of population life determined with such
indicators as level of health protection, education, level
of employment, welfare level, ecological situation,
personal safety and rights [21].
O. V. Zakharova classified indicators of social-
economic efficiency of investment into human capital [22].
She emphasizes on the necessity to create methodological
basis of estimation of social-economic efficiency of
investment into human capital to provide complex analysis
of usage of human potential.
V. T. Smirnov, I. V. Soshnikov, F. B. Vlasov,
I. V. Skoblyakova [6] mark out that necessary conditions
of transforming human capabilities into capital, in other
words, transforming human potential into human capital
are: entering the business, productive usage; legal and
factual regulation of relations between employer and
employee (agreement, salary, social support and privileges);
objective estimation (qualification, experience, rating, different
systems of bonuses); non-stop obtaining knowledge,
professional development and re-training of personnel;
investments into human capital during all the life period.
Therefore, to conclude above mentioned, above
common features of categories “human potential” and
“human capital” it is possible to define:
1) Human potential and human capital both belong
to a person and are inseparable of them,
2) Human capital is the part of human potential
which is realized in market economy (capitalizes, brings
T. S. Vakarchuk
202
Економічний вісник Донбасу № 4 (34), 2013
income) in the presence of motivation, time, labour
(employment in economy), favourable social-economic
situation etc.
3) Human potential and human capital can develop,
stay at the same level or wear out that determines the
extent of transformation of human potential into human
capital.
Among the differences we can define the following:
1) Human potential is all the present human abilities,
while human capital are the abilities realized by a person
to get economic benefits;
2) Aim of development of human potential is good
and quality life as well as social justice, while aim of
development of human capital is getting material, moral,
social and status effects, effects of social-economic,
institutional development and support of functioning
national economy;
3) Human capital is more analyzable in terms of
value estimation that human potential, because human
capital is a part of human potential realized with the aim
of getting profit, so, to estimate human capital and its
return it's possible to use present statistical information
about certain economic indicators, while human potential
as well as any other human abilities are impossible to
estimate.
Conclusions and prospective of further research.
On the modern stage the most wide-spread concept of
labor economics is the concept “human capital” [23].
Human capital is an essential form of manifestation of
human potential in the system of market relations. It is
connected to getting income due to the efficiency of
investment into human development, first of all professional
qualities of their owner.
Human development is necessary for innovative
development of the country, which in its turn provides
conditions for comprehensive human development,
activation of educational, research, physical, spiritual,
psychological, creative potential, its realization and
transformation into human capital.
References
1. Maiburov I. A. Efficiency of investments in
human capital in the USA and Russia / I. A. Maiburov //
MEMO (International Economy and International Relations
Journal), 2004. – № 4. – P. 3 – 13. 2. Gorbunova S. V.
Problems of measuring and estimation of accumulation
of human capital / S. V. Gorbunova // Theses of the report/
http://lomonosov-msu.ru/archive/Lomonosov_2007/24/
gorbunova_sv@mail.ru.doc.pdf (On-line resource).
3. Radionova I. Economic growth with the participation
of human capital / I. Radionova // Economy of Ukraine –
2009. – № 1. – P. 19 – 30. 4. Schultz T. Investment in
Human Capital / Т. Schultz // The American Review. –
1961. – № 1. – P. 1 “ 17. 5. Becker I. G. Investment in
Human Capital / I. G. Becker // J. of Political Economy. –
1962. – Р. 14 – 27. 6. Smirnov V. T., Soshnikov I. V.,
Vlasov F. B., Skoblyakova I. V. Human capital management:
tutorial. Program for training management staff for
organization of national economy of Russian Federation/
V. T. Smirnov and others / OrelGTU – Orel, 2005. – 276 p.
7. Martsynkevych V. I., Sobolieva I. V. The economy
of a human: tutorial for higher institutions / V. I. Martsynkevych
and others / Aspect Press. – М., 1995. – 286 p.
8. Vasylchenko V. S., Grynenko A. M., Grishnova O. A.,
Kerb L. P. Management of labour potential: tutorial /
V. S. Vasylchenko and others / KNEU. – K., 2005. – 403 p.
9. Sen A. About ethics and economics / A. Sen / The
Science. – М., 1996. – 130 p. 10. Kamenskikh Ye. A.
Model of diagnostics of steady development of human
capital / Ye. A. Kamenskikh // The Economy of Crimea –
2010. – № 3 (32). – P. 28 – 34. 11. Economic encyclopedia:
in three volumes. Volume 1 / Editorial board: S. V. Mochernyi
(editor-in-chief) and others. – K. : Publishing House
“Academia”, 2000. – 864 p. 12. Khromov M. I. Essence
and peculiarities of human potential in system of social-
economic categories / M. I. Khromov // Demography,
economy of labour, social economy and policy, 2009. –
№ 3. – P. 140 – 145. 13. Grishnova O. A. Economy of
labour and social-labour relations: textbook / O. A. Grishnova /
Znannya. – K., 2004. – 535 p. 14. Stephanyshyn O.,
Pyts V. The peculiarities of sense of the category “human
capital” in terms of developing innovative economy of
Ukraine / O. Stephanyshyn and others// Galytskyi Economic
Bulletin, 2010. – № 3 (28). – P. 161 – 169. 15. Chorna O. A.
Essence of the category “human potential” / O. A. Chorna //
Problems of increasing efficiency of funftioning for
enterprises of different form of property / National
Academy of Science of Ukraine. Institute of economic
industry. – Donetsk, 2007. – P. 329 – 341. 16. Derii J. V.
Capitalization of human potential: functional aspect / J. V. Derii //
http://archive.nbuv.gov.ua/portal/Soc_Gum/ Vcndtu/2012_60/
3.htm (On-line resource) 17. Nikolaichuk M. V. Interpretation
of human potential in the system of modern paradigmatic
priorities of development / M. V. Nikolaichuk // Collection
of scientific works NUK, 2011. – № 2. – P. 150 – 155.
18. Nepokupna T. A., Brovko T. V. To the problem of
formation of human potential // T. A. Nepokupna and
others // Materials of the scientific conference “The
Establishment of Modern Science – 2007” – Economic
science / http://www.rusnauka.com/17_SSN_2007/
Economics/22558.doc.htm (On-line resource)
19. Davydyuk T. V. Labour resources, labour potential,
labour force, human capital: interrelation of the categories/
T. V. Davydyuk // DZHTU Bulettin.-Donetsk, 2009. –
№ 1 (47). – P. 32 – 37. 20. Doctorovich A. B. Socially
oriented development of society and human potential:
T. S. Vakarchuk
203
Економічний вісник Донбасу № 4 (34), 2013
modern theories, methods of system research: dissertation
abstract for the degree of Doctor of Economic Sciences//
М., 2006. 42 p. 21. Zaslavskaya T. I. Human potential
in modern transformational process / T. I. Zaslavska //
Social sciences and modernity, 2005. – № 4. – P. 13 – 25.
22. Abdusalamova M. M. To the issue of development
of human potential as a strategic aim of increasing social
activity in the region / M. M. Abdusalamova // http://
www.conf.bstu.ru/shared/attachments/41003 (On-line
resource) 23. Zakharova O. V. Development of
classification of indices of estimating efficiency of
investments into human capital / O. V. Zakharova //
International Nobel Economic Forum Bulletin, 2010. –
Volume 2, № 1 (3). – C. – 24 – 30. 24. Human potential:
experience of complex approach / N. N. Avdeyeva,
I. I. Ashmarin, O. I. Genisaretsky and others. Under the
editorship of I. T. Frolova. Russian Academy of Sciences.
Institute of Human. – M. : Editorial URSS, 1999. – 175 p.
Вакарчук Т. С. “Людський потенціал” та “люд-
ський капітал”: деякі спільні риси та відмінності
У статті проаналізовано поняття “людський капі-
тал” та “людський потенціал”, історичний розвиток та
джерела виникнення зазначених понять. Досліджено
проблему змістових значень понять “людський потен-
ціал” та “людський капітал”, спираючись на наукові
здобутки вчених. Визначено спільні риси та відмінності
понять “людський потенціал” та “людський капітал”.
Ключові слова: людський капітал, людський по-
тенціал, спільні риси та відмінності.
Вакарчук Т. С. “Человеческий потенциал” и
“человеческий капитал”: некоторые общие чер-
ты и отличия
В статье проанализированы понятия “человечес-
кий капитал” и “человеческий потенциал”, истори-
ческое развитие и истоки возникновения указанных
понятий. Исследовано проблему содержательного
значения понятий “человеческий потенциал” и “чело-
веческий капитал”, основываясь на научных дости-
жениях ученых. Определены общие черты и отличия
понятий “человеческий потенциал” и “человеческий
капитал”.
Ключевые слова: человеческий капитал, челове-
ческий потенциал, общие черты и отличия.
Vakarchuk T. S. “Human Potential” and “Human
Capital”: Similarities and Differences
The concepts “human potential” and “human
capital” are analyzed as well as their historic development
and sources of appearance of these concepts. The problem
of semantic meaning of the concepts “human potential”
and “human capital” is explored on the basis of
researchers’ scientific achievements. Similarities and
differences of the concepts “human potential” and
“human capital” are defined.
Key words: human potential, human capital,
similarities and differences.
Received by the editors: 19.09.2013
and final form 04.12.2013
T. S. Vakarchuk
|