A broad summary of the theoretical literature on economic growth shows this theory has transcended the neoclassical paradigm and that market rationality does not govern the human development process. Instead human development is the appropriate standard for rationality. Using Gidwitz et al’s...

I conduct a cross-country analysis of the human development index (HDI) components, income, life expectancy, literacy and gross enrollment ratios, using Gray and Purser’s 1970-2005 quinquennial database for 111 countries. 1) A descriptive analysis uncovers a complex pattern of divergence and...