Home  Journals  Economic Analysis: Theory and Practice  7(502) - 2020 July

Human capital as the main force of progress in science and technology

Received: 3 March 2020

Received in revised form: 5 May 2020

Accepted: 25 May 2020

Available online: 30 July 2020

Subject Heading: ANALYSIS OF HUMAN CAPITAL

JEL Classification: E24, J24

Pages: 1281–1299

https://doi.org/10.24891/ea.19.7.1281

Subject. The article addresses the impact of human capital on scientific and technological progress.
Objectives. The paper identifies and substantiates trends shaped by scientific and technological revolutions, which change technologies and energy sources prevailing in the cycle that interact with human capital; proposes recommendations on improving the Russian system of governance and creating conditions for a scientific and technological breakthrough.
Methods. The study employs logical research methods based on the system-creative approach and the methodology for technological cycles. The key method is the systems analysis.
Results. We analyze the human capital concept from a historical perspective and at the present stage. The paper proves that the increasing threats and complexity in the world are to a large extent associated with the development of artificial intelligence; innovation and scientific activity rest on creative work of individuals and their teams with synergistic effect. We offer and rationalize the concept of the synergistic cycle model and the formalization of efficient use of human capital for enterprises active in innovation.
Conclusions. The proposed approach will improve the prediction of the management system development, which is needed to move to higher synergistic cycles.

Keywords: human capital, knowledge capital, cognitive technology, enterprise, synergistic cycle model

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