PGD-FM-09/11 AMARTYA SEN Presented By: Ashish Makhija
“I was born in a University campus and seem to have lived all my life in one campus or another” AMARTYA SEN
ROAD TO NOBEL Born 3rd Nov 1933 to Dr Ashutosh Sen & Amita Sen. 1953:Graduated from Presidency college, Kolkata. 1977-80 – Professor, Oxford. 1980-87 - Drummond Professor of political economy, Oxford.
1956-58- Professor of Economics Jadaypur University.
1957-63 – Fellow in Trinity College, Cambridge.
1971-77 – Professor, London School of Economics.
1987-98 - Lamont Professor of economics and philosophy, Harvard. 1998 - Master, Trinity College. 2004 - Returned to Harvard. 2007 – Joined Nalanda University, Bihar. Amartya Sen at the Master's Lodge, Trinity College, Cambridge
Personal life Born in Santiniketan on the campus of Rabindranath Tagore’s Vishva-Bharti. Sen’s first wife was Nabaneeta Dev Sen from 1960-71. They had two children Antra & Nandita.
He married his second wife Eva Colorni in 1973. She died in 1985 from stomach cancer. They had two children, Indrani and Kabir. Sen is presently married to Emma Georgina Rothschild.
Nobel prize Nobel Memorial Prize in Economics for his work in welfare economics in 1998. The prize was worth $978,000 (Rs 4.1 crore). Sen was the sixth Indian to be awarded the Nobel Prize . Rabindranath Tagore C.V Raman Mother Teresa Hargobind Khorana Subramaniam Chandrasekhar Amartya Sen receiving his Prize from the hands of His Majesty the King.
Other Awards Bharat Ratna in 1999. Eisenhower Medal, for Leadership and Service USA, 2000. International Humanist Award in 2002. Life Time Achievement Award from Indian Chamber of Commerce in 2003.
Some Of His Works : Famine. 1981- Sen published his milestone work, Poverty and Famines: An Essay on Entitlement and Deprivation. "I know of no one who was affected by the famine ... no relation, no friend, no one I ever associated with. That, to me, was a great insight later, I thought, though I didn't see it at that time. I just thought we were lucky." (On the 1943 Bengal famine.)
Sen pointed out that it occurs due to the failure of social and political arrangements. A country with : Is prone to severe famine, starvation and undernourishment.
Welfare Indices 1973 – Sen published his work on Economic Inequality. According to Sen Inequality in an economy cannot be measured without a proper yardstick. Poverty line is a common measure of the population below a tolerable standard of living. It ignores the levels of deprivation among the poor. Devised a formula Sen Index.
Social Choice 1970 – Published Collective choice & Social welfare. He offered an answer to Kenneth Arrow’s “impossibility theorem”. Arrow argued that it is impossible to devise a voting system with an outcome which is both rational and egalitarian. Arrow had, in effect, said farewell to democracy. Sen indicated that the case for democracy wasn't lost and that there is a lot of middle ground in the analyses of choice.
Education, Healthcare In India. Education & healthcare need greater government investment: Sen. Mere expansion of the Indian economy will not address the issues relating to the plight of the Indian child who continues to suffer from under-nourishment, anemia and lack of basic schooling facilities. The solution to the problem:
Greater amount of government investment in both education and healthcare.
An end to the negligent attitude towards women.
Food Prices and the Size of the Plan 1965 – Growth of India. Rising prices in India. Inability of government to ease the situation. What should India do. Two choices.
Should India continue its rate of investment or go slow.