In this essay the author defines progress or human development as the gradual achievement of the five policy objectives that modern societies have defined for themselves (security, individual liberty, economic wellbeing, social justice and protection of the environment), and distinguishes it from economic development or economic growth - the process of capital accumulation with the incorporation of technical progress that increases standards of living. And defends the thesis that, in so far economic development produces an increasing economic surplus over subsistence level, it is strategic to reach the other above referred five political objectives.
Progress; Human Development; Economic Development; Economic Growth