Name the economists who propounded the theory of Human Development?
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The original idea of human capital can be traced back at least to Adam Smith in the 18th century. The modern theory was popularized by Gary Becker, an economistand Nobel Laureate from the University of Chicago, Jacob Mincer, and Theodore Schultz....
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The economists that contributed to the development of this theory over the generations are Adam Smith, Karl Marx, Martha Nussbaum, Abraham Maslow, Manfred Max-Neef, among many other scholars.
Explanation:
- Human development is the process of how people came to understand why humans of the same age and conditions circumstance or "remain the same over a period".
- In a simpler the Human development means developing "intellectually,psychologically through growing and experiencing" different things in life.
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