Amartya Sen

DEFINITION of 'Amartya Sen'

An internationally renowned economist who is a professor of economics and philosophy at Harvard, and winner of the 1998 Nobel Memorial Prize in Economic Sciences for his studies of welfare economics. Born in India in 1933, much of Sen's work focuses on improving the plight of the worlds poorest people. He is the author of numerous books on welfare economics, development economics and other subjects.

BREAKING DOWN 'Amartya Sen'

Sen's additional areas of research include social choice theory, economic measurement, public health, rationality and economic behavior, economic methodology, gender studies, moral and political philosophy, and the economics of peace and war. He earned his B.A., M.A. and Ph.D. from the University of Cambridge. He has also received numerous honorary doctorates and honorary fellowships from institutions around the world.



RELATED TERMS
  1. Paul Samuelson

    The first American to win the Nobel Memorial Prize in Economics, ...
  2. Welfare Economics

    A branch of economics that focuses on the optimal allocation ...
  3. Nobel Memorial Prize In Economic ...

    A prestigious award acknowledging outstanding contributions to ...
  4. Simon Kuznets

    A Russian-American economist and statistician who won the 1971 ...
  5. Douglass C. North

    An American economist and winner of the 1993 Nobel Memorial Prize ...
  6. John R. Hicks

    A British economist who received the 1972 Nobel Memorial Prize ...
Related Articles
  1. Markets

    Why Can't Economists Agree?

    There are many reasons why economists can be given the same data and come up with entirely different conclusions.
  2. Managing Wealth

    Janet Yellen Success Story: Net Worth, Education & Top Quotes

    Look into the life and academic career of Janet Yellen, the first female chair of the Federal Reserve and a noted Keynesian economist.
  3. Markets

    India: A Bright Spot in Today's Global Investment Landscape

    India, the best performing economy of 2015, has all it takes to maintain high growth momentum and ensure high returns for investors in the future.
  4. Retirement

    Elizabeth Warren's Solution to No COLA Increase in 2016

    Sen. Warren plans to increase in Social Security benefits in place of a COLA in 2016.
  5. Markets

    The Difference Between Finance And Economics

    Learn the differences between these closely related disciplines and how they inform and influence each other.
  6. Markets

    The History Of Economic Thought

    Economics is a vital part of every day life. Discover the major players who shaped its development.
  7. Markets

    Economic Growth

    Economic growth happens when the market value of the goods and services in an economy increase in one time period as compared to a prior time period.
  8. Markets

    Macroeconomics: Microeconomics Foundation

    By Stephen Simpson While there are relatively clear definitions separating microeconomics and macroeconomics, the reality is that both sections of economics draw heavily from certain shared ...
  9. Markets

    Is Infinite Economic Growth on a Finite Planet Possible?

    While the finite nature of Earth's resources limits the direction of economic growth, it does not mean that infinite economic growth is impossible.
  10. Insights

    3 Billionaires Who Graduated From Harvard

    Learn more about three of the many billionaires Harvard has produced and how they have remained loyal by donating hundreds of millions to their alma mater.
RELATED FAQS
  1. Is economics a science?

    Learn how economics fits into the category of social sciences, and discover the arguments critics make against this classification. Read Answer >>
  2. What are some of the limitations and drawbacks of economics as a field?

    Find out why the field of economics is full of controversy. Policy decisions, political campaigns and personal finances are ... Read Answer >>
  3. Is Social Security considered to be welfare?

    Learn why Social Security is an entitlement, not welfare. Since 1940, Social Security has kept its promise to Americans who ... Read Answer >>
  4. What impact does economics have on government policy?

    Learn about the impact of economic conditions on government policy and understand how governments engineer economic conditions ... Read Answer >>
  5. What is the difference between accounting and economics?

    Discover the difference between accounting and economics by comparing and contrasting the financial discipline of accounting ... Read Answer >>
  6. How does economics study human action and behavior?

    Find out why economics can be considered a deductive social science, like sociology, and how human action and behavior informs ... Read Answer >>
Hot Definitions
  1. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  2. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  3. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  4. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  5. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  6. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
Trading Center