Human resource development uses economic analysis tools such as cost benefit analysis, labor supply and demand determination, and cost and production function analysis to investigate what is occurring in the organization (Allen, Fisher & Swanson, 2008). One of the economic theories widely used in Human Resource Development (HRD) is the human capital theory. The purpose of this paper is to critique HRD related and labor economics related research that uses human capital theory as a theory, measurement, variable or phenomenon. The purpose is rooted in the desire to explore and expand how economic theory is used in HRD research and practice.
2016 AHRD International Research Conference in the Americas- Jacksonville, FL
