A population's standard of living has a special and important place in the concept of human development. Ultimately, the higher the standard of living of a population, the greater the chance for real human development, other things being equal. The standard of living in its most general sense is...

Societal progress is characterized primarily as an improvement in the distribution of wellbeing; however, a small set of additional variables are also necessary. Social indicators based on objective measures are inherently limited by the subjective assessments necessary of "experts" to select...