CURRENT AFFAIRS

Detailed explanation-1: -Indian scholar and Nobel laureate Amartya Sen was awarded the German Book Trade’s annual peace prize for his work combating social inequality. German President Frank-Walter Steinmeier was scheduled to speak at the opening ceremony of the Frankfurt Book Fair this year.

Detailed explanation-2: -Max Tau was forced to flee Germany in 1938. But in his Norwegian exile he stands up for reconciliation and peace, also with the idea to found a peace library. He was the first to receive the Peace Prize in 1950.

Detailed explanation-3: -Amartya Sen, (born November 3, 1933, Santiniketan, India), Indian economist who was awarded the 1998 Nobel Prize in Economic Sciences for his contributions to welfare economics and social choice theory and for his interest in the problems of society’s poorest members.

Detailed explanation-4: -Amartya Sen is an economist currently serving as Professor of Economics and Philosophy at Harvard University. He was awarded the Nobel Memorial Prize in Economic Sciences in 1998, for his contributions to development economics.

Detailed explanation-5: -Sen has argued that poverty is a result of capability failures. Sen has a wide ranging critique of conventional welfare economics on account of neglect of the capability dimension. His ideas in this area are continuously evolving and further break through may be expected. Capability is a normative concept.