Development means growth in human wellbeing

We are used to thinking about development in terms of growth in national income. Yet such growth does not necessarily translate directly into growth in human wellbeing. Once basic needs have been satisfied and a decent level of income achieved, more material income does not produce more happiness. New economic thinking should be able to envisage economies that are not geared to unlimited material growth, but rather that serve ourselves and our descendants, while respecting the integrity of social-ecological systems on which human life depends.

— John Dryzek and Simon Niemeyer
Centre for Deliberative Democracy & Global Governance