Amartya K. Sen, 1933-

Photo of A.K.Sen

It may be a slight exaggeration to claim that "Welfare Economics" is but a synonym for Amartya Sen, but few economists have taken that field as far, as seriously and as profoundly as Sen. A perennial Nobel Prize candidate (he has been winning straw polls among economists for several years running - and finally won the Nobel in 1998), Sen is one of the few modern academics that has commanded much respect and recognition from all corners of the intellectual spectrum.

A student of Joan Robinson's at Cambridge, Sen nonetheless transcended his roots to simultaneously embrace social choice theory and economic development - breaking the barrier between mathematized "high theory" and "real-world" economics. It was a logical marriage for Sen: the peasants and rural households which he studied have economic modes of behavior which often contradict the postulates of the "rational hedonist" that dominate economic theory. In particular, certain collective enterprises (e.g. during harvest season) often contradict individual rationality. In this line, Sen exploited game-theoretic notions to account for such collective behavior.

Nonetheless, the problem Sen identified through his research is the common assumption in welfare economics of incomparable interpersonal utilities. His famous 1970 treatise, Collective Choice and Social Welfare, finds that this is indeed the keystone in the famous "Arrow Impossibility Theorem". Without it, Sen argued, the theorem can fall; with it, the theorem is vacuous.

In another famous work (1970), Sen turned his methological sights on the the Pareto-Optimality criteria - arguing that the assumption of Pareto-optimality in welfare theory was not value-neutral but rather contradicted the old J.S. Mill notion of "liberalism" as the Paretian criteria has no safeguards for "personal space".

Sen was no detached thinker, however: in 1972, he co-authored a famous UN guideline for development project evalution which has proven invaluable for many organizations. His work on poverty, which has included innumerable theoretical insights, has also proved fruitful in application.

Major works of Amartya K. Sen Resources on A.K. Sen


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