Public Investment in Human Capital as a Factor of Social Progress

Abstract

The relevance of the problem under study is due to the importance of high quality of human capital for the formation of a strong, economically developed, civilized state. In this regard, this article is aimed at revealing the overdue understanding of the limited natural resources, which led to an increasing need for human capital development. The leading method for the study of this problem is the general scientific method of knowledge, which allowed to comprehensively justify the thesis that the degree of efficiency of public investment in human capital, primarily in the provision of education, primarily affects the development of socio-economic state as a whole. The article reveals the legislation of the Russian Federation in the field of education, presents the author’s consolidation with the opinion on the systematization of national legislation in this area, in particular, the possibility of adopting the Federal Law “On Education in the Russian Federation”, which would absorb the entire array of normative educational law. Materials of the article are of practical value for law makers, politicians, researchers in the field of development of state and legal phenomena.