Abstract

There is a growing dissatisfaction with using standard measures of affluence, such as gross domestic product, as the sole conceptualization of human well-being. Experiments are underway with alternative metrics of well-being as ways of informing both research and policy. It is thus important to develop a theory of the production of human well-being to parallel theories of economic development and growth. The traditions of work in growth theory, sustainability theory, and household production functions provide the basis for an emerging structural human ecology of human well-being. Structural human ecology emphasizes the use of manufactured, natural, and human resources in producing well-being but is also attentive to the ways social structure shapes the production of well-being. While this approach is promising, several conceptual issues need to be addressed for it to realize its potential. In particular, we need greater clarity regarding measures of well-being and the ethical theory that underpins them and clearer thinking about the relationship between resources and capital.