Predictability Determines the Success of Human Capital

The Z-man had a post about human capital and if people are better of today than in the past. He theorizes both yes and no and about genetics playing a part, besides the Pinkerton analysis that the decline of interpersonal violence means we are better off. (I do think Pinkerton makes a good point on that subject.)

My thoughts however diverged in a different direction from his initial post. There’s a key element to human capital that we tend to overlook; predictability. I’ll try to hastily summarize it here and perhaps better think through it for the future.

Continue reading “Predictability Determines the Success of Human Capital”