Author : Amartya Sen
ISBN : 030787429X
Genre : Business & Economics
File Size : 23.19 MB
Format : PDF
Download : 969
Read : 560
By the winner of the 1988 Nobel Prize in Economics, an essential and paradigm-altering framework for understanding economic development--for both rich and poor--in the twenty-first century. Freedom, Sen argues, is both the end and most efficient means of sustaining economic life and the key to securing the general welfare of the world's entire population. Releasing the idea of individual freedom from association with any particular historical, intellectual, political, or religious tradition, Sen clearly demonstrates its current applicability and possibilities. In the new global economy, where, despite unprecedented increases in overall opulence, the contemporary world denies elementary freedoms to vast numbers--perhaps even the majority of people--he concludes, it is still possible to practically and optimistically restain a sense of social accountability. Development as Freedom is essential reading.
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Amartya Sen, in his most recent book Development as Freedom, argues that expansion of human freedom should be viewed both as the primary end and the principle means of development. This article provides an overview and a critical scrutiny of the Senian perspective from the point of view of an economist. First, the author discusses to what extent Sen's normative theory of development justifies a particular focus on inequality and poverty. Second, he looks at Sen's perspective on democratic reasoning as the constructive vehicle for valuational exercises, and in particular how this perspective fits with the recent human development framework of the UNDP. Third, he discusses the relevance of markets within the freedom approach, and, fourth, he reviews some of the most important empirical interconnections between different freedoms studied by Sen.
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Keywords: Human development, freedom, development theory, capability approach, normative economics, market and freedom
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