![• He has served as president of the Econometric Society
(1984), the International Economic Association (1986–
1989),the Indian Economic Association (1989) and the
American Economic Association (1994).
• He has also served as President of the Development
Studies Association and the Human Development and
Capability Association.
• He serves as the honorary director of the Academic
Advisory Committee of the Center for Human and
Economic Development
• Studies at Peking University in China.[28]](https://image.slidesharecdn.com/amartyasen-170521181948/85/Amartya-sen-17-320.jpg)
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Amartya sen
Amartya Sen is an Indian economist known for his work on welfare economics, social choice theory, and economic theories of famine. He received the Nobel Prize in Economics in 1998 for his contributions to welfare economics and social choice theory, and his interest in addressing the problems faced by the world's poorest people. Some of Sen's key accomplishments include developing the capability approach to measure well-being and development, explaining how famines can occur despite an availability of food, and establishing indexes to measure well-being in developing countries. He has authored numerous influential books and received many honors, including the Bharat Ratna award.
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Amartya sen
- 1. HELLO! I am Ashok,M. T. I am here to present about this amazing personality.
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- 4. Ashutosh Sen & AmitaSen In 3, Nov 1933
- 5. 1951- B Ain Economics
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- 7. Sen explained: “Thebroadening of my studies into philosophy was important for me not just because some of my main areas of interest in economics relate quite closely to philosophical disciplines but also because I found philosophical studies very rewarding on their own”.
- 8. Know for…. Welfare Economics SocialChoice Theory Economics and Social Justice Economics Theories of Famine Indexes for measure of well-being of developing countries
- 9. Social Choice Theory •Social choice theory or social choice is a theoretical framework for analysis of combining individual opinions, preferences, interests, or welfares to reach a collective decision or social welfare in some sense. • Social choice blends elements of welfare economics and voting theory. It is methodologically individualistic, in that it aggregates preferences and behaviours of individual members of society. Using elements of formal logic for generality, analysis proceeds from a set of seemingly reasonable axioms of social choice to form a social welfare function (or constitution).
- 10. Contd… • Sen proposes,that comparability of interpersonal utility need not be partial. Under Sen's theory of informational broadening, even complete interpersonal comparison of utility would lead to socially suboptimal choices because mental states are malleable. A starving peasant may have a particularly sunny disposition and thereby derive high utility from a small income. This fact should not nullify, however, his claim to compensation or equality in the realm of social choice.
- 11. Contd… • Social decisionsshould accordingly be based on immalleable factors. Sen proposes interpersonal utility comparisons based on a wide range of data. His theory is concerned with access to advantage, viewed as an individual's access to goods that satisfy basic needs (e.g., food), freedoms (in the labour market, for instance), and capabilities. We can proceed to make social choices based on real variables, and thereby address actual position, and access to advantage.
- 12. • Sen’s revolutionarycontribution 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. This is because top-down development will always trump human rights as long as the definition of terms remains in doubt. • In order for citizens to have a capacity to vote, they first must have “functionings”. These “functionings” can range from the very broad, such as the availability of education, to the very specific, such as transportation to the polls. Only when such barriers are removed can the citizen truly be said to act out of personal choice.
- 13. Research Work • Sen’swork on 'Choice of Technique' complemented that of Maurice Dobb. In a Developing country, the Dobb-Sen strategy relied on maximising investible surpluses, maintaining constant real wages and using the entire increase in labour productivity, due to technological change, to raise the rate of accumulation. In other words, workers were expected to demand no improvement in their standard of living despite having become more productive
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- 15. Got Nobel Prizein 1998 for his contributions to welfare economics and social choice theory and for his interest in the problems of society's poorest members.
- 16. Awarded Bharat Ratnain 1999
- 17. • He hasserved as president of the Econometric Society (1984), the International Economic Association (1986– 1989),the Indian Economic Association (1989) and the American Economic Association (1994). • He has also served as President of the Development Studies Association and the Human Development and Capability Association. • He serves as the honorary director of the Academic Advisory Committee of the Center for Human and Economic Development • Studies at Peking University in China.[28]
- 18. “The Conscience ofthe Profession” & “The Mother Teresa of Economics”
- 19. Amartya Sen has receivedover 90 honorary degrees from universities around the world and many other awards
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