By Kaushik Basu, Ravi Kanbur
Amartya Sen has made deep and lasting contributions to the tutorial disciplines of economics, philosophy, and the social sciences extra largely. He has engaged in coverage discussion and public debate, advancing the reason for a human improvement centred coverage time table, and a tolerant and democratic polity. This argumentative Indian has made the case for the poorest of the terrible, and for plurality in cultural viewpoint. it isn't amazing that he has received the top awards, starting from the Nobel Prize in Economics to the Bharat Ratna, India's optimum civilian honor. This public popularity has long past hand in hand with the love and admiration that Amartya's neighbors and scholars carry for him.
This quantity of essays, written in honor of his seventy fifth birthday through his scholars and friends, covers the diversity of contributions that Sen has made to wisdom. they're written through a few of the world's top economists, philosophers and social scientists, and tackle themes reminiscent of ethics, welfare economics, poverty, gender, human improvement, society and politics. the second one quantity covers the themes of Human improvement and features; Gender and family; development, Poverty and coverage; and Society, Politics and historical past. it's a becoming tribute to Sen's personal contributions to the discourse on Society, associations and Development.
Contributors comprise: Bina Agarwal, Isher Ahluwalia, Montek S Ahluwalia, Ingela Alger, Muhammad Asali, Amiya Kumar Bagchi, Pranab Bardhan, Lourdes Benería, Sugata Bose, Lincoln C. Chen, Martha adjust Chen, Kanchan Chopra, Simon Dietz, Sakiko Fukuda-Parr, Jonathan Glover, Cameron Hepburn, Jane Humphries, Rizwanul Islam, Ayesha Jalal, Mary Kaldor, Sunil Khilnani, Stephan Klasen, Jocelyn Kynch, Enrica Chiappero Martinetti, Kirsty McNay, Martha C. Nussbaum, Elinor Ostrom, Gustav Ranis, Sanjay G. Reddy, Emma Samman, Rehman Sobhan, Robert M. Solow, Nicholas Stern, Frances Stewart, Ashutosh Varshney, Sujata Visaria, and Jörgen W. Weibull.
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Extra info for Arguments for a Better World: Essays in Honor of Amartya Sen: Volume II: Society, Institutions, and Development
The large number of iterations guaranteed a very 4 The poverty estimates produced by the Economic Commission for Latin America and the Caribbean (ECLAC) are an important exception to the dominant use of the money-metric approach (Altimir 1982). 16 sanjay g. 5 per cent from the limiting standard deviation. 1 Methodology used for Vietnam The methodology applied in Vietnam amounts to ﬁve steps: 1. Exogenously identify a threshold of nutritional capability adequacy and characterize it in terms of characteristics of commodities consumed (the 2,100-kcal norm).
As a result, the standard errors we calculate cannot be viewed as more than indicative. We report and refer only to the bootstrapped standard errors, since the standard errors calculated through the two approaches were generally very close. 2. 42 was assigned the annual per capita expenditure of that household. We then calculated the headcount ratio: the proportion of persons in the population whose per capita expenditure was below the poverty line. 5, and 4, and calculated standard errors (the methodology is discussed further below) so as to judge the precision with which the poverty measures were estimated.
The paradox of thrift, analyzed by Keynes (1936), is another example of the folly of everybody trying to save when unemployment and underutilization of capacity are rife. The so-called second fundamental theorem of neo-classical economics, namely, that “every Pareto optimal outcome can be reached through some competitive market equilibrium corresponding to some initial distribution of ‘endowments’ or resources owned” (Sen 1983: 94), is based on the assumption, inter alia, that the production or exchange process must be characterized by constant returns to scale and the absence of any externalities.
Arguments for a Better World: Essays in Honor of Amartya Sen: Volume II: Society, Institutions, and Development by Kaushik Basu, Ravi Kanbur