Human development theory is a theory that merges older ideas from ecological economics, sustainable development, welfare economics, and feminist economics. It seeks to avoid the overt normative politics of most so-called "green economics" by justifying its theses strictly in ecology, economics and sound social science, and by working within a context of globalization. Like ecological economics it focuses on measuring well-being and detecting uneconomic growth that comes at the expense of human health. However, it goes further in seeking not only to measure but to optimize well-being by some explicit modeling of how social capital and instructional capital can be deployed to optimize the overall value of human capital in an economy - which is itself part of an ecology. The role of individual capital within that ecology, and the adaptation of the individual to live well within it, is a major focus of these theories.
The most notable proponent of human development theory are Mahbub ul Haq and Amartya Sen. Amartya Sen asked, in Development as Freedom, "what is the relationship between our wealth and our ability to live as we would like?"
This question cannot be answered strictly from an energy, feminist, family, environmental health, peace, social justice, or ecological well-being point of view, although all of these may be factors in our happiness, and if tolerances of any of these are violated seriously, it would seem impossible to be happy at all.
Accordingly, human development theory is a major synthesis that is probably not confined within the bounds of conventional economics or political science, nor even the political economy that relates the two.
Another angle is Sustainable Human Development: Triple Bottom line ecology-economy-social can be translated to human dimensions as:
- Human economy: sustainable action - the ability to perform well and on long term (stress, priority, focus and time management)
- Human social dimension: sustainable relations - the ability to sustain relations and go through ordeals together (family, teams, clients, stakeholders)
- Human ecology: health, self-awareness, vocation, excellence, talent.
Famous quotes containing the words human, development and/or theory:
“This might be the end of the world. If Joe lost we were back in slavery and beyond help. It would all be true, the accusations that we were lower types of human beings. Only a little higher than apes. True that we were stupid and ugly and lazy and dirty and, unlucky and worst of all, that God Himself hated us and ordained us to be hewers of wood and drawers of water, forever and ever, world without end.”
—Maya Angelou (b. 1928)
“The young women, what can they not learn, what can they not achieve, with Columbia University annex thrown open to them? In this great outlook for women’s broader intellectual development I see the great sunburst of the future.”
—M. E. W. Sherwood (1826–1903)
“A theory if you hold it hard enough
And long enough gets rated as a creed....”
—Robert Frost (1874–1963)