“The stress on 'human resources' as an organizational asset goes back at least to Drucker (1954). This was elaborated in the theory of 'human capital' by Schultz (1963) who was concerned to describe the benefits of education as a 'production good' enhancing the economic resources of society, and by others like Becker (1964) who argued for the benefits to economic growth of a well-trained workforce. While labour market segmentation theory developed in reaction (stressing institutional processes in labour market formation), human asset accounting in the 1970s applied the capital theory to quantifying investments in people by the organization (Flamholtz, 1974). This was embraced by some (for example, Likert, 1967) as a way of encouraging humane employment policies, less geared to the short-term”
although others saw in it the rule of accountants
Chris Hendry and Andrew Pettigrew. "Human resource management: an agenda for the 1990s." International journal of human resource management 1.1 (1990): 17-43.
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Andrew Pettigrew 1
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After all control and institutions and processes are immediate things. They can all be translated into terms of human conduct...
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Jimmy Carter welcoming Ceaușescu (April 1978). [Muravchik, Joshua, Our Worst Ex-President, Commentary magazine., February 2007, http://www.commentarymagazine.com/cm/main/viewArticle.aip?id=10824&page=2]
About Ceaușescu

Michael White, "The gift of tired tongues", The Guardian, 30 September 1994; Norman Macrae, "You've never had it so incoherent", Sunday Times, 2 October 1994.
Speech at an economic seminar, Tuesday 27 September 1994.
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Kenneth Boulding (1977) Economic Development as an Evolutionary System, Fifth World Congress of the International Economic Association, Tokyo, Aug.-Sept. 1977.
1970s

Catherine Truss, Lynda Gratton, Veronica Hope-Hailey, Patrick McGovern and Philip Stiles (1997). "Soft and hard models of human resource management: a reappraisal." Journal of Management Studies, 34(1), 53-73.

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John H. Freeman, "Entrepreneurs as Organizational Products: Semiconductor Firms and Venture Capital Firms," Advances in the Study of Entrepreneurship, Innovation, and Economic Growth, 1 (1986): 33-52

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 359