Converging social and human capital. Irregular settlements of Milpa Alta

Abstract

Social capital, although born as a category of classical political economy and, in particular, used by Karl Marx, is presented in its contemporary version by combining models of physical capital and human capital in the context of the theory of welfare economics. In the first part of this article the conceptual aspect is presented and on the second part the human capital is presented in a Convergence growth model. The average levels of schooling in informal settlements in the Milpa Alta delegation in Mexico City between 2000-2005 are considered, and rates are projected up to 2020, which maintain convergence results obtained in the model for 2000-2005, demonstrating the relationship between value, work, education and growth.