The Capability Approach posits that human well-being should be measured not by resources or utility, but by the freedoms individuals have to achieve valuable functionings. This book explores the foundational concepts of this approach, detailing its theoretical underpinnings and contrasting it with traditional economic measures. It then delves into the practical challenges and methodologies for measuring capabilities, examining various indices and their applications across different social and economic contexts. The work aims to provide a comprehensive overview for scholars and policymakers interested in alternative frameworks for assessing development and human welfare.

The book is regarded as a significant academic contribution to the field of development economics and welfare economics, offering a rigorous examination of the Capability Approach. It is noted for its clear exposition of complex theoretical ideas and its practical insights into measurement challenges. The work is likely to be of interest to academics, researchers, and policymakers seeking to understand and apply alternative frameworks for assessing human well-being and societal progress.