Table of Contents

Handbook on the History of Economic Analysis Volume I

Handbook on the History of Economic Analysis Volume I

Great Economists Since Petty and Boisguilbert

Edited by Gilbert Faccarello and Heinz D. Kurz

Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of this system can be improved and its dysfunction reduced. Each Handbook can be read individually and acts as a self-contained volume in its own right. It can be purchased separately or as part of a three-volume set.

Chapter 121: Amartya Kumar Sen (b. 1933)

Wulf Gaertner

Subjects: economics and finance, history of economic thought

Extract

Amartya Sen was born on 3 November 1933 in Santiniketan where he went to school. From 1951 to 1953 he studied at Presidency College in Calcutta where he received a Bachelor Degree. In 1953 Sen moved to Cambridge, England, where he wrote his doctoral dissertation on “The choice of techniques”. From 1963 to 1971 Sen taught at the Delhi School of Economics. In 1971, he accepted a chair at the London School of Economics. From 1977 to 1987 he held a professorship at Oxford and was Fellow at All Souls College. In 1987 Sen accepted a chair at Harvard University and became a member of both the economics department and the philosophy department. In 1998 he returned to Cambridge, England, and became “Master of Trinity College”. In the same year, he received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Sen returned to Harvard University in 2004. He published numerous books and articles both in economic theory and development economics, in philosophy, political theory and public policy, the latter with an emphasis on the history and culture of India. The Informational Basis of Social Choice Sen received the Sveriges Riksbank Prize in particular for his contributions to welfare economics and the theory of social choice. The latter area has its modern origin in Arrow’s famous monograph Social Choice and Individual Values from 1951 (2nd edition 1963) where the author proved that under certain rather intuitive conditions, a so-called social welfare function does not exist. This negative...

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