Dresden 2003 – scientific programme

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AKSOE: Physik sozio-ökonomischer Systeme

AKSOE 9: Soziale Systeme und Entscheidungsmodelle

AKSOE 9.5: Talk

Thursday, March 27, 2003, 11:30–12:00, BAR/205

A metric to create and employ human capital in social systems — •Hans G. Danielmeyer — Japanisch-Deutsches Zentrum Berlin

I split human capital (h) from the national product, treat it like capital stock (k), and calibrate it with Germany’s educational budget. The mean value for h turns out to be as large as that of k (presently USD 100,000 per capita). Its decay time is three times that of k. This calibrates also the Poisson-distribution of h for testing educational systems. There are significant national departures from the ideal dynamics of h(t). PISA and OECD records reflect however primarily the system’s ability to educate and lead its teachers and not how it is paid for. Then I use a matrix method to describe how individual h’s interact and change with success or failure (state vectors) in their schools or firms (process matrices). The method supplies an open metric for evaluating and comparing social systems and could help to improve them. Some examples are given, including social competence (by splitting the h’s into complex numbers) and exchange processes (by using operators for matrix elements).