Innovation is redefined as the income of invested human capital

Evidence

If there is innovation that is to say, ifwe find new things, discover new forms of productivity: ~nd make technological innovations, this is nothing other than the ~ncome of a certain capital, of human capital, that is to say, of the set of Investments we have made at the level of man himself. — Michel Foucault, The Birth of Biopolitics, 1206

Categorization

• DEFINE: Defines human capital as the set of investments at the level of man himself, with innovation as its income.
• XREF: connects to: The human-capital concept entails that education is a consumer good, not transformative experience — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 168; Human capital theory logically extends to genetic self-investment — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 271; Human capital theory was born solving Solow’s unexplained-growth residual — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 249 (+2 more)

Broader Connections

• Contemporary homo oeconomicus has become financialized human capital #expands (0.85) — Wendy Brown, Undoing the Demos, 52
• Human capital extends the concept of physical capital to persons’ skills. #expands (0.80) — Coleman, SocialCapitalCreation-1988, 67