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

    Nobel Winners Are Economic Prizes

    Before you try to profit from their theories, you should learn about the creators themselves.
  2. Markets

    How Influential Economists Changed Our History

    Find out how these five groundbreaking thinkers laid our financial foundations.
  3. 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.
  4. Investing

    5 Nobel Prize-Winning Economic Theories You Should Know About

    Here are 5 prize-winning economic theories that you’ll want to be familiar with.
  5. 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.
  6. 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.
  7. 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.
  8. Markets

    The Difference Between Finance And Economics

    Learn the differences between these closely related disciplines and how they inform and influence each other.
  9. Financial Advisor

    A Day In The Life Of An Economist

    We've interviewed three economists with very different job descriptions to give you an idea of the many possibilities this career choice offers.
  10. Markets

    The History Of Economic Thought

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

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center