Human capital is one the most frequently researched areas in economic sciences in the last decades. The
dominant research area is the one undertaken by T. Shultz and G.S. Becker, marked by the concept of investing
in people (Blaug M., 1995). This programme has led to researching a number of economic issues including
education and family economics. It should be noted, however, that unlike in the alternative research approach
presented by the Authors, traditional research studies do not give much attention to the concept of ”capital”.
Many authors offer vague definitions of capital, referring to it as something that is undoubtedly positive and
valuable. This simplification has resulted in a great number of traditional research programmes focused on
various economic problems. However, a comprehensive analysis of key economic issues, e.g. the triad: capitallabour-
money, requires a scientific research study of capital preceded by a description of its characteristics.