Thursday, July 21, 2011

Amartya Sen

Amartya Sen, is an Indian economist and philosopher who was awarded the 1998 Nobel Prize in Economic Sciences for his contributions to welfare economics and social choice theory, and for his interest in the problems of society's poorest members. Sen was best known for his work on the causes of famine, which led to the development of practical solutions for preventing or limiting the effects of real or perceived shortages of food.
Amartya Sen's books have been translated into more than thirty languages over a period of forty years. He is a trustee of Economists for Peace and Security. In 2006, Time magazine listed him under "60 years of Asian Heroes" and in 2010 included him in their "100 most influential persons in the world". New Statesman listed him in their 2010 edition of 'World's 50 Most Influential People Who Matter'.

Research:

 In 1981, Sen published Poverty and Famines: An Essay on Entitlement and Deprivation (1981), a book in which he demonstrated that famine occurs not only from a lack of food, but from inequalities built into mechanisms for distributing food. Sen also demonstrated that the Bengal famine was caused by an urban economic boom that raised food prices, thereby causing millions of rural workers to starve to death when their wages did not keep up.
In addition to his important work on the causes of famines, Sen's work in the field of development economics has had considerable influence in the formulation of the Human Development Report, published by the United Nations Development Programme. This annual publication that ranks countries on a variety of economic and social indicators owes much to the contributions by Sen among other social choice theorists in the area of economic measurement of poverty and inequality.
Sen's revolutionary contribution to development economics and social indicators is the concept of 'capability' developed in his article "Equality of What." He argues that governments should be measured against the concrete capabilities of their citizens.
He wrote a controversial article in The New York Review of Books entitled "More Than 100 Million Women Are Missing", analyzing the mortality impact of unequal rights between the genders in the developing world, particularly Asia.
Governments and international organizations handling food crises were influenced by Sen's work. His views encouraged policy makers to pay attention not only to alleviating immediate suffering but also to finding ways to replace the lost income of the poor, as, for example, through public-works projects, and to maintain stable prices for food. A vigorous defender of political freedom, Sen believed that famines do not occur in functioning democracies because their leaders must be more responsive to the demands of the citizens. In order for economic growth to be achieved, he argued, social reforms, such as improvements in education and public health, must precede economic reform.