The Human Resource

Mario Amendola and Jean‐Luc Gaffard

in Out of Equilibrium

Published in print July 1998 | ISBN: 9780198293804
Published online November 2003 | e-ISBN: 9780191595851 | DOI:
 The Human Resource

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Together with financial resources, and its dynamic interactions with them, human resources play a central role in out‐of‐equilibrium processes of change. The concept of human resource differs both from the concept of labour input and from that of human capital. It is a richer concept, and its greater richness depends on the time perspective from which we look at it. At each given moment the human resource, looked at as a complex of skills, qualifications, and competences, appears as one of the prevailing constraints of the economy. Over time, the learning processes take place, which represent the construction phase of the production of new skills and qualifications that contribute to determine and to shape the ongoing process of restructuring of productive capacity.

Keywords: Human constraint; human resource; learning; Wage Fund

Chapter.  8706 words. 

Subjects: Macroeconomics and Monetary Economics

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