The Economics of Talent Management and Human Capital is an academic book that offers a comprehensive overview of the concept of talent and its relationship with human capital and creativity. Written by leading experts in the field, the book highlights the shift in the US economy towards valuing talent, resulting in growing income inequality. The book proposes critical steps to address this issue: talent acquisition departments must lower expectations and practice self-discipline, investors should prioritize value creation over short-term gains, and the government must regulate the relationship between hedge funds and pension funds, tax carried interest as ordinary income, and revisit the overall tax structure.
One of the book's unique contributions is its interdisciplinary approach, bringing together insights from economics, psychology, sociology, and management. This approach makes the book relevant for researchers and practitioners in a range of fields. This book serves as a guiding influence for policy and practice. It provides valuable insights into talent management and human capital, and is essential reading for academics, policymakers, business leaders, and anyone interested in the future of work and economic development.