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-  2017 

The tandem of "capital-work" as the basis for labour economics

DOI: 10.14419/ijaes.v5i1.7195

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Abstract:

From a fundamental accounting principle of duality follows that capital is an abstract category, defined as the ability to perform work. The study abstract nature of capital reveals important features, in particular, that capital is undergo spontaneous scattering. Developing a model of measuring human capital and consideration of the spontaneous dispersion of capital led to the conclusion that the fair remuneration must balance the natural dissipation of human capital. Research shows that remuneration is determined by the percentage of capital. This percentage is the size of random, whose average value is 8% per annum [1/year]. Analysis of the level of remuneration shows that human capital is preserved and there is its depreciation. This average is also the economic constant of potential growth. Issues of capital measurement and fair remuneration are part of the emerging labour economics.

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