![]() His perspective allows us to practically-and even optimistically-confront the modern dilemma that 'despite unprecedented increases in overall opulence, the contemporary world denies elementary freedoms to vast numbers-perhaps even the majority-of people. ![]() By considering the question 'What is the relation between our ecomic wealth and our ability to live as we would like?' Sen is able to make global ecomics once again address the social basis of individual well-being and freedom. ![]() Amartya Sen had an extensive background in development economics, social choice theory (for which he received the 1998 Nobel Prize in Economics), and philosophy before developing the Capability Approach during the 1980s. ![]() 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. The Development of Sen’s Capability Approach a. Freedom, Sen argues, is both the end and most efficient means of sustaining ecomic life and the key to securing the general welfare of the world's entire population. ![]() This magisterial synthesis of the ideas and perspective that won Professor Sen the 1998 Nobel Prize in Ecomic Science provides an accessible, paradigm-altering framework for understanding ecomic development-for both rich and poor-in the twenty-first century. With analytical brilliance and moral persuasiveness, Nobel Laureate Amartya Sen presents a landmark work that puts individual freedom at the center of a comprehensive analysis of today's global ecomy. ![]()
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