7 – What’s beyond the human development index ?

Abstract

In this note, we …rstly discuss Chakravarty’s (2003) axiomatic foundation of the Generalized Human Development Index (GHDI) then we propose a different set of axioms through which a class of Foster-Shorrocks-like Human Development Measures phases out.

As we will argue, this class better deals with some recent philosofical advancements of the Capability Approach.

 

 

 

 

 

JEL classification: I31, O12
Keywords: human development index, well-being mea-
sures, capability approach