CURRENT AFFAIRS

Detailed explanation-1: -Amartya Sen is famous for his significant contributions to welfare economics (for which he was awarded the 1998 Nobel Prize in economics), including his development of more sophisticated measures of poverty, and for his work on the causes and prevention of famines.

Detailed explanation-2: -Amartya Sen is a world-renowned economist, scholar, philosopher and author. He has done groundbreaking research in a number of areas, including social choice theory, political and moral philosophy and decision theory.

Detailed explanation-3: -Hence “development requires the removal of major sources of unfreedom: poverty as well as tyranny, poor economic opportunities as well as systemic social deprivation, neglect of public facilities as well as intolerance or overactivity of repressive states”.

Detailed explanation-4: -With a Ph. D from Columbia University, he went on to do another in London School of Economics, UK. He wrote three scholarly books on the subject, so much so Amartya Sen said, “ Ambedkar is the father of my economics”.