Education as a Component of the Human Capital in the Modern Ukrainian Society

Abstract

The evolution of human capital theory is investigated in this paper; the concepts of «human capital» and «the structure of human capital» is analyzed also. The author considers classical (W. Petty, Adam Smith, John Mill, K. Marx) and modern human capital theory. Special attention is paid to research education as an element of human capital. The role and place of education among the components of human capital is researched. Five basic competencies of contemporary specialist on modern labor market, including professional competence, self competence, managerial competence, competence corporate culture, competence socialization are proposed.  It is noted that a key elements of human capital today in our society are education and competence.