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Amartya Sen, winner of the 1998 Nobel Prize in Economic Science -- Cover.
Amartya Sen, b. 1933, Indian economist and Nobel Prize winner; contributed articles.
Contributed articles presented to Indian Economic Association.
The extraordinary early life in India and England of one of the world's leading public intellectuals Where is 'home'? For Amartya Sen, home has been many places - Dhaka in modern Bangladesh, the little university town of Santiniketan, where he was raised as much by his grandparents as by his parents, Calcutta where he first studied economics and was active in student movements, and Trinity College, Cambridge, to which he came aged 19. Sen brilliantly recreates the atmosphere in each of these. He remembers his river journeys between Dhaka and his parents' ancestral homes and wonderfully explores the rich history and culture of Bengal. In 1943 he witnessed the disastrous unfolding of the Benga...
In this elegant critique, Amartya Sen argues that welfare economics can be enriched by paying more explicit attention to ethics, and that modern ethical studies can also benefit from a closer contact with economies. He argues further that even predictive and descriptive economics can be helped by making more room for welfare-economic considerations in the explanation of behaviour.
Presents an analysis of what justice is, the transcendental theory of justice and its drawbacks, and a persuasive argument for a comparative perspective on justice that can guide us in the choice between alternatives.
These Essays, Written In Amartya Sen`S Honour By A Number Of Distinguished Scholars, Seek To Reflect His Interests And The Inspiration He Has Provided.
Kuklys examines how Nobel Prize-winning economist Amartya Sen’s approach to welfare measurement can be put in practice for poverty and inequality measurement in affluent societies such as the UK. Sen argues that an individual’s welfare should not be measured in terms of her income, but in terms what she can actually do or be, her capabilities. In Chapters 1 and 2, Kuklys describes the capability approach from a standard welfare economic point of view and provides a comprehensive literature review of the empirical applications in this area of research. In the remaining chapters, novel econometric techniques are employed to operationalise the concepts of functionings and capability to investigate inequality and poverty in terms of capability in the UK. Kuklys finds that capability measurement is always a useful complement to traditional monetary analysis, and particularly so in the case of capability-deprived disabled individuals.
Amartya Sen reconsiders the idea of 'the standard of living'. He rejects the more conventional economic interpretations in terms of 'unity' and of wealth or 'opulence', and suggests an interpretation in terms of the 'capabilities and freedoms' that states of affairs do or do not allow. His argument is conceptual, but it refers to a wide range of examples. In elaborations of it, John Muellbauer explains how parts of it might be applied; Ravi Kanbur discusses the difficulties raised by choice ex ante, under uncertainty, and choice ex post; Keith Hart discusses the ways in which one might think about living standards in societies in which there is a substantial amount of what he calls 'self provisioning' outside the market; and Bernard Williams reflects on some of the moral and political implications of Sen's argument. There is a bibliography of most of the more important works on the subject. The book will be of interest to economists, sociologists, students of development and moral and political philosophers; it will also be of interest to those concerned with public policy.
Rationality and freedom are among the most profound and contentious concepts in philosophy and the social sciences. In this, the first of two volumes, Amartya Sen brings clarity and insight to these difficult issues.