Mehboob-ul-Haq Phase-III

In phase III of MH development he came to the realization that human beings are means and ends of development. Conventional wisdom is to use human beings for the production of wealth but MH says the opposite of it and said wealth should be used for betterment of human beings. Conventional wisdom, currently being followed in Pakistan Planning Commission, is to first produce wealth and then distribute it to the poor. But we must do the opposite of it as first we’ve to help the poor and then they’ll produce the wealth. According to conventional economics the social development is burden but in actual the social development is essential for development. So development is all about human beings but not about factories and roads.