Formation and Development of the Human Potential Conception

Abstract

In this article, the author considers the issues of formation and development of the human potential conception. The author carried out analytical work on the study of the prerequisites for the origin of this concept, as well as considered the evolution of approaches to the definition of human capital and human potential. A fundamental factor in the formation of human capital is the definition of areas of investment in the individuals’ development. To study this issue, the author conducted an interim analysis of the investment areas in the formation and development of human capital defined by foreign and domestic researchers and presented a graphical display of the expansion areas, depending on the stages of the theory of human capital development. Based on the review and comparison of the concepts of human potential and human capital, the author reveals the content of the human potential concept in a broad sense and a narrow sense, clarified the economic meaning of the human potential concept.