Instructions for the assignment: Use the two theories (Economic Foundation & Human Capital) that support the foundation and practice of human capital development (HCD). Critically analyze the two theories. Determine the interdependence of the two theories, how each contributes to the area of human capital development study, which one you believe to be more important and why. Format. Your critical analysis should be a maximum of 5 pages (+ a cover sheet and a reference sheet), and prepared using a 12 point font, 1” margins, and include a running header according to APA guidelines. Prepare the analysis in APA format, with a minimum of five references, three of which should be scholarly sources. Include a title page according to the APA format for title pages. Note: APA 7 provides slightly different directions for formatting the title pages of professional papers (e.g., those intended for scholarly publication) and student papers (e.g., those turned in for credit in a high school or college course). Student papers do not include a running header on the title page but do include the page number. Organization of the Critical Analysis 1. Introduction. Tell the reader what your paper is about in general and what it is that you will try to explain in the analysis. 2. Exposition. Provide a detailed definition of the two theories or views that you will be critically discussing in the paper. Cite passages you are interpreting to support your own interpretation. Define key terms in the analysis. Point out what significance(s), if any, the theory or view that you are considering has for other issues. 3. Critical Section. This is the “pro” and “con” of how the selected theory fits with the study and practice of human capital development. Provide a defense or view that supports the inclusion of your two theories in the practice of HCD. Begin your critical section by discussing one or two criticisms of the argument or view of each theory. Be sure you support your critical points by providing evidence or reasons for them. This means you will have in-text citations supporting those critical points. After providing initial criticisms and backing them up with evidence, you should put yourself in the position of defending the HCD theory or topic you have just criticized. Consider in your analysis how others might most reasonably defend their position against the criticism(s) of the theories you identified. In developing this section of the paper, you should avoid giving responses that contradict what research says in other contexts. Having now provided initial criticism(s) and having considered how these criticisms might most reasonably be responded to, you are now in the position to decide whether your initial criticism(s) really do have merit. The last part of the critical section should contain an explanation as to whether or not your initial criticisms still hold in light of the best responses to them. 4. Conclusion (one or two paragraphs). Review the central points you have made in the analysis and explain what significance your conclusion has for other issues. 5. Points to Consider. In writing the paper, you should apply the principle of goodwill. What this means is that in interpreting the arguments or the views of others that you are discussing, and in criticizing those arguments, you should assume that the individuals/organizations involved may well have good reasons for their beliefs. Failure to explore other ideas objectively often results in the writing of poor critical papers. If you do not approach other arguments or views objectively, then you are likely to criticize their arguments or views as understood in its weakest form. However, good critical papers involve criticizing an argument or view when it is objectively interpreted in its strongest form. Also, keep in mind that when writing the analysis, you should write for an audience that does not know anything about the topic. Do not assume that the reader, whether it is your professor or anyone else, is familiar with the issues you are addressing. Your critical analysis should be read and understood by any competent (lay) reader regardless of their knowledge of the subject matter.