Dr Amartya Kumar Sen CH (Hon) (Bengali: অমর্ত্য সেন Ômorto Kumar Shen) (born November 3, 1933 in India), is an economist and a winner of the Bank of Sweden Prize in Economic Sciences (sometimes referred to informally as the "Nobel Prize for Economics") in 1998, for his work on famine, human development theory, welfare economics, the underlying mechanisms of poverty, and political liberalism.
From 1998 to 2004 he was Master of Trinity College at Cambridge University, becoming the first Asian to head an Oxbridge college. Amartya Sen is also deeply immersed in the debate over globalization. He has given lectures to senior executives of the World Bank but has also shown his commitment to reform from below by becoming honorary president of Oxfam.
Among his many contributions to development economics, Sen has produced pioneering studies of gender inequality, exemplified by his general use of female pronouns when referring to an abstract person.
He is currently the Lamont University Professor at Harvard University. He has also taught at Jadavpur University, the Delhi School of Economics, the London School of Economics, and Oxford University. Amartya Sen’s books have been translated into more than thirty languages.
Education and career
Sen was born in Santiniketan, West Bengal, the University town established by the poet Rabindranath Tagore, another Indian Nobel Prize winner. His ancestral home was in Wari, Dhaka in modern-day Bangladesh. Tagore is said to have given Amartya Sen his name ("Amartya" meaning "immortal"). Teaching that grades were not as important as creativity, Tagore helped to mold the intellectual diversity of young Sen.
Sen first studied in India at the school system of Visva-Bharati University, Presidency College, Kolkata and at the Delhi School of Economics before moving to Trinity College, Cambridge, where he earned a First Class BA in 1956 and then a Ph.D. in 1959. He was also allowed four years to immerse himself in philosophical issues during his stay at Trinity College.
He has taught economics at University of Calcutta, Jadavpur University, Delhi, Oxford (where he was the Drummond Professor of Political Economy and a Fellow of All Souls College), London School of Economics, Harvard and was Master of Trinity College, Cambridge, between 1998 and 2004. In January 2004 Sen returned to Harvard. He is also a contributor to the Eva Colorni Trust at the former London Guildhall University, which has one of the best Economics Departments in the country.
Sen's seminal papers in the late sixties and early seventies helped develop the theory of social choice, which first came to prominence in the work by the American economist Kenneth Arrow, who, while working in the fifties at the RAND Corporation, famously proved that all voting rules, be they majority voting or two thirds-majority or status quo, must inevitably conflict with some basic democratic norm. Sen's contribution to the literature was to show under what conditions Arrow's Impossibility Theorem would indeed come to pass as well as to extend and enrich the theory of social choice, informed by his interests in history of economic thought and philosophy.
In 1981, Sen published Poverty and Famines: An Essay on Entitlement and Deprivation, 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's interest in famine stemmed from personal experience. As a nine-year-old boy, he witnessed the Bengal famine of 1943, in which three million people perished. This staggering loss of life was unnecessary, Sen later concluded. He believed that there was an adequate food supply in India at the time, but that its distribution was hindered because particular groups of people—in this case rural labourers—lost their jobs and therefore their ability to purchase the food. In his book Poverty and Famines: An Essay on Entitlement and Deprivation (1981), Sen revealed that in many cases of famine, food supplies were not significantly reduced. In Bengal, for example, food production whilst down on the previous year was higher than in previous non-famine years. Thus, Sen points to a number of social and economic factors, such as declining wages, unemployment, rising food prices, and poor food-distribution systems. These issues led to starvation among certain groups in society. His capabilities approach focuses on positive freedom, a person's actual ability to be or do something, rather than on negative freedom approaches, which are common in economics and simply focuses on non-interference. In the Bengal famine, rural laborers' negative freedom to buy food was not affected. However, they still starved because they were not positively free to do anything, they did not have the functioning of nourishment, nor the capability to escape morbidity.
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. This is because top-down development will always trump human rights as long as the definition of terms remains in doubt (is a 'right' something that must be provided or something that simply cannot be taken away?). For instance, in the United States citizens have a hypothetical "right" to vote. To Sen, this concept is fairly empty. 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. It is up to the individual society to make the list of minimum capabilities guaranteed by that society. For an example of the "capabilities approach" in practice, see Martha Nussbaum's Women and Human Development.
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. Other studies, such as one by Emily Oster, have argued that this is an overestimation.
Sen was a ground-breaker among late twentieth-century economists in his insistence on asking questions of value, long removed from "serious" economic consideration. He mounted one of the few major challenges to the economic model that posited self-interest as the prime motivating factor of human activity. While his line of thinking remains peripheral, there is no question that his work helped to re-prioritize a significant sector of economists and development workers, even the policies of the United Nations.
Welfare economics seeks to evaluate economic policies in terms of their effects on the well-being of the community. Sen, who devoted his career to such issues, was called the "conscience of his profession." His influential monograph Collective Choice and Social Welfare (1970), which addressed problems such as individual rights, majority rule, and the availability of information about individual conditions, inspired researchers to turn their attention to issues of basic welfare. Sen devised methods of measuring poverty that yielded useful information for improving economic conditions for the poor. For instance, his theoretical work on inequality provided an explanation for why there are fewer women than men in India and China in spite of the fact that in the West, and also in poor but medically unbiased countries, women have lower mortality rates at all ages, live longer, and make a slight majority of the population. Sen claimed that this skewed ratio results from the better health treatment and childhood opportunities afforded boys in those countries, as well as sex-specific abortion.
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.
Sen's father was Dr. Ashutosh Sen and mother Amita Sen who were born at Manikganj, Dhaka. His father taught chemistry at Dhaka University (now in Bangladesh). Dr Sen's first wife was Nabaneeta Dev Sen, a much loved Indian writer and scholar, with whom he had two children: Antara and Nandana. Their marriage broke up shortly after they moved to London in 1971. His second wife was Eva Colorni, with whom he lived from 1973 onwards. She died from stomach cancer quite suddenly in 1985. They had two children, Indrani and Kabir. His present wife is Emma Georgina Rothschild, an economic historian, and an expert on Adam Smith and Fellow of King's College, Cambridge.
Sen brought up his youngest children on his own. Indrani is a journalist in New York, and Kabir teaches music at a school in Boston, and has a rock band called Uncle Trouble. His eldest daughter Antara Dev Sen is a remarkable journalist in India and now she and her husband Pratik Kanjilal bring out "The little magazine". His other daughter - Nandana Sen is a noted Bollywood actress. Sen usually spends winter holidays at his home in India, where he likes to go on long bike rides, and maintains a house in Cambridge, Massachusetts, where he and Emma spend the spring and long vacations. Asked how he relaxes, he replies: "I read a lot and like arguing with people."
LIST OF NOBEL PRIZE WINNERS IN ECONOMY
Akerlof, George A.
Arrow, Kenneth J.
Aumann, Robert J.
Becker, Gary S.
Buchanan, James M., Jr.
Coase, Ronald H.
Engle, Robert F.
Fogel, Robert W.
Granger, Clive W. J.
Harsanyi, John C.
Heckman, James J.
Hayek, Friedrich August Von
Hicks, Sir John R.
Kantorovich, Leonid Vitaliyevich
Klein, Lawrence R.
Koopmans, Tjalling C.
Kydland, Finn E.
Lewis, Sir Arthur
Markowitz, Harry M.
McFadden, Daniel L.
Meade, James E.
Merton, Robert C.
Miller, Merton M.
Mirrlees, James A.
Mundell, Robert A.
Nash, John F.
North, Douglass C.
Prescott, Edward C.
Samuelson, Paul A.
Schelling, Thomas C.
Scholes, Myron S.
Schultz, Theodore W.
Sharpe, William F.
Simon, Herbert A.
Smith, Vernon L.
Solow, Robert M.
Spence, A. Michael
Stigler, George J.
Stiglitz, Joseph E.
Stone, Sir Richard
The text is property of free encyclopedia Wikipedia. For more information please go to http://en.wikipedia.org/