...Amartya K. Sen Amartya K. Sen was born and raised in Santiniketan, India, on November 3rd 1933. His father Ashutosh Sen was a professor of chemistry at Dhaka University and his mother Amita Sen was the daughter of Kshiti Mohan of Kshiti Mohan Sen, A scholar and close associate of Rabindranath Tagore who became the second Vice Chancellor of Visva-Bharati University. Amartya K. Sen came from a well of family in which he received some of the best educations. In high school, he began his education at St. Gregory’ School, Dhaka, in 1941. As for University, he received a B.A. in Economics with a minor in Mathematics in 1953 from Presidency College, Kolkata. He then moved to Cambridge in which he attended Trinity College and received a second B.A. in Economics in 1956 and then a Ph.D. in 1959. During the time of working on his Ph.D. there was an occasion in which he had to return to India on a two year. In India, he become a professor and taught at Jadavpur University. However, after a few years he returned to Cambridge to finish off his Ph.D. From there forward he maintain being a professor for various university such as: Jadavapur University, Kolkata, Cambridge University, University of Delhi, London School of Economics, Oxford University and Harvard University. As a professor, Amartya K. Sen raised various questions about welfare theories and how market prices can be taken as reflections of welfare indicators. He chose a path different from your typical economist. His research...
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...The Economics of Amartya Sen “Social Choice and Welfare Economics” (NPWES, 2008) And as related to Philippine Economy: National Budget Cycle In Partial Fulfillment of the Requirements for the Degree Bachelor of Science in Hotel and Restaurant By: Binalingbing, Jhan Ray N. February 2014 INTRODUCTION “…a budget is a useful tool to help ensure that what limited money is available will be spent for the family’s most important needs, like food, clothing and shelter.” -Florencio Abad Secretary, Department of Budget and Management Every household knows that their budget is indispensable, important and has the capability to turn and mobilize their life around. Every day, millions of Filipinos work just for a meager share to eat, drink, and live, and tomorrow, work again to live for a day. Yet reality, tells us that many still suffer and live in difficult conditions. The National Statistics Coordination Board (NCSB) reported that in 2012, 4.2 million Filipino families experienced or lived in poverty or that is 19.2% percent. The same report also stated that a family of five needed a budget of PhP 5,513 to meet basic food needs every month and Php 7,890 to stay above the poverty threshold (basic food and non-food needs) every month. Such can be attributed to the inflation rise to 4.1 % from the year 2009-2012. What could have caused this statistic to be constant and rise up even more? Is there lack in financial stewardship and accountability on the part of Filipinos? Or even...
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...STRUCTURE 1. IMPACT: There is clear evidence that the existence of a strong, independent and free press powerfully drives economic and social development and poverty reduction. “A free press is not a luxury. It’s the start of an equal development. The media can expose corruption. tragedies, injustices, famine, … but is has too be Presidente del Banco Mundial, Jim Wolfenson 2. EXAMPLES: No substantial famine has ever occurred in any country with a relatively free press, writes Nobel Prize laureate Amartya Sen. The world-renowned professor of economics argues that the independent media also provide a voice to the neglected and disadvantaged while simultaneously preventing governments from insulating themselves from public criticism. 2. LIMITS: Freedom of speech has to be UNCENSORED, because when you start putting limits or barriers where do you draw the line? When does it become manipulation of power? When you give the ability of putting limits in press you create the risk off putting this power in the hands to censure and manipulate news in their personal/ political interest. A free press is not a luxury. It’s the start of an equal development. The media can expose corruption. They can keep a check on public policy by throwing a spotlight on government action. They let people voice diverse opinions on governance and reform, and help build public consensus to bring about change. Such media help markets work better. They can facilitate trade, transmitting...
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...Philippine Constitutions (Concise) In: Other Topics Philippine Constitutions (Concise) The Biak-na-Bato Constitution General Emilio Aguinaldo Established the Biak-na-Bato Republic on July 1897 and issued a proclamation stating the following demands: * Expulsion of the friars and the return of the friar lands to the Filipinos. * Representation of the Philippines in the Spanish Cortes. * Freedom of the press and religion. * Abolition of the government’s power to banish Filipinos. * Equality for all before the law. A charter was then drafted based on the Cuban Constitution by Alex Ferrer and Isabelo Artacho. It was ratified on November 15, 1897. The Biak-na-Bato Constitution provided for the establishment of a Supreme Council that would serve as the highest governing body of the Republic. Preamble: “The separation of the Philippines from the Spanish monarchy and their formation into an independent state with its own government called the Philippine Republic has been the end sought by the Revolution in the existing war, begun on the 24th of August, 1896; and therefore, in its name and by the power delegated by the Filipino people, interpreting faithfully...
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...“Eliminate Inequality, Not women Destroy Dowry, Not Daughters Daughters are not for Slaughter” The deprived position of women throughout the world irrespective of women race , religion and nation women empowerment has emerged as a universal issue for different groups of scholars and practitioners. They are now seriously concerned about the emancipation of women who are now leading a subordinate and subhuman life . Women in poor countries are in the most vulnerable position for several reasons. In such a situation the ‘missing women’ is the burning issue of the time and it need to be viewed from holistic perspective. There is a relationship between gender inequality, disempowerment of women, and backwardness of any society. Nowadays there connects another dimension of ‘missing women’. On this study different issues related to gender inequality and neglect have been discussed with a view to having a conceptual realization of women excess mortality and being “missing” in the context of South Asia. Definitions of special words used in this assignment In this portion we will discuss about those special words which frequently we used in the assignment and in the title. This discussion will help us to get the accurate meaning of these words in the context of our study. ♀ Gender Inequality and neglect: Gender inequality means that different behaviour, aspiration...
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...Table of Contents Abstract 2 Introduction 2 1. Amartya Sen’s Critique on Rawlsian Theory of Justice 2 2. Analysis of Sen’s Idea of Justice 3 2.1. Theoretical Versus Practical Approach 3 2.2. Niti and Nyaya’s Model in Sen’s Framework of Justice 4 2.3 Capability Approach in Sen’s Theory of Justice 4 Conclusion 6 Bibliography 7 Abstract Amartya Kumar Sen’s thought on justice are groundbreaking in our pluralistic society. The question could be why? To my mind, Sen constructs theory of justice basing on the social injustices encountered due to structural and cultural backgrounds. He concentrates on the practical application of transcendental theories of justice in building a more just society based on enhancement of capabilities (real opportunities and freedoms). We can say a society that focuses on promotion of people’s freedom in the Sen’s framework moves towards achieving justice. Introduction Amartya Kumar Sen is a renown Indian economist, philosopher, developmental ethicist and a first Asian to receive a Nobel Prize in Economics. His book Idea of Justice and Development as Freedom have made a new paradigm shifting as regards welfare and wellbeing of individuals in the society. Sen propounds for a practical approach of justice that is concerned with eliminating forms of injustices in the society. It is here that Sen develops capability approach as an evaluative tool in the just society, whereby social justice addresses structural forms of discrimination...
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...“Our Economic World Order - an ongoing discrepancy between Power and Wisdom” Observing the course of history, in regards to Human Rights and Development, and considering various statements by personages such as Peter Uvin and Amartya Sen, it is evident that the power play of the developed nations has had a decisive impact on the recognition and realization of Human Rights in Development, and the efficacy of Development in their regard. Peter Uvin, in his work “Human Rights and Development”, drawing from the atrocities suffered by people in World War II, emphasized how, “economic development doesn’t automatically bring about peace and respect for human rights”. Thereafter, it seemed only natural that something needed to be undertaken in order to refrain from such cruelty to occur in the future. In fact in 1948, propelled by Eleanor Roosevelt ,the Universal Declaration of Human Rights (DHR) emerged, reflecting specific, inalienable rights all human beings possess by virtue of being human. However, the prevailing East-West conflict at the time, reflecting immensely distinctive approaches to rights and values, rendered the solidification of the DHR on a legal basis rather impossible. Without any obligation for implementation, it is no surprise then, that the influential nations, despite the wisdom they had acquired witnessing the effects of WWII, employed a purely economic growth based approach to development, entailing that an increase in Gross Domestic Product (GDP) would...
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...In order to understand poverty one must be able to identify exactly what it is, in the oxford dictionary the definition of poverty is ‘the condition of being extremely poor’. But then one must question what is defined as poor? I will be looking at two approaches of this question, the first is the ‘monetary approach’ and the second is the ‘capabilities approach’. I will also be analysing two different measures of poverty, ‘absolute’ and ‘relative’ and to conclude which is a more accurate or a more suitable instrument in poverty measure. The monetary approach is probably the most common method of understanding poverty. It is highly used by economists and is significantly connected with microeconomic theory. Utility maximisation is the base for this approach and the main instrument used is a poverty line; this sets a threshold where if income or consumption is below, people are then classified as poor. An example of this would be the ‘dollar a day’ where any income below $1 a day is classified as poor. This approach suggests that income or consumption is equivalent to well-being. In developing countries measuring welfare with consumption would be more appropriate than using income, as income is a small component and would be an overestimate. There is plenty of data which can be analysed at household levels. However, poverty is an individual phenomenon where individuals are situated within households. After assuming some measurements between income and consumption, data at the household...
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...On Ethics and Economics Amartya Sen Blackwell Publishers, 1987, pp. 148, Rs. 271 ‘On Ethics and Economics’ by Amartya Sen centres on a particular phenomenon that the author considers unfortunate to the discipline. In this book, Amartya Sen talks about the continued and ever increasing distancing of economics from ethics. This book has three chapters and under each chapter, there are sub topics. That makes the book more structured and easy to understand even for a person who is not so competent in the study of Economics. Though the book was written in 1987, most of the arguments still apply in todays’ world. Amartya Sen starts off with an Edward Clerihaw Bentley verse about a major practitioner of political economics and this sets the tone for the rest of the book. The author basically tries to argue that ethics-related tradition of Economics dates back to the days of Aristotle and that Economics ultimately goes hand in hand with the study of Ethics and Politics. Amartya Sen certainly and in a very obvious manner, questions the disassociation of the study of Economics from that of ethics and political philosophy. Hence, this book is undoubtedly a very important reading for those who are interested in connecting the dots between economics and business ethics. Professor Sen, while agreeing that the ‘engineering’ approach to Economics has been often fruitful, criticises the same ‘engineering approach’ by saying that it has substantially impoverished the modern economics because...
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...Student’s name Instructor’s Name Class Name Date Concept of Capability and UNDP Human Development Reports Introduction The source of the human development approach is from the theory of Sen which says that development comes about only when capabilities expand. The idea generated from the theory is that the core reason for development is to ensure that human lives are improved. This can only be achieved if there is expansion in what they can be or do. It could include things such as the being well nourished and healthy, participating in the activities of the community and being knowledgeable. Hence, development can only occur once the obstacles that were present preventing an individual from doing something are removed. The obstacles might be in the form of ill health, illiteracy, lack of resources or lack of freedom- both political and civil. When these obstacles are removed one is said to be capable; hence the origin of the concept of capability Sen, 160). Purpose Statement The purpose of this paper is to analyze the concept of capabilities approach that was developed by Amartya Sen, a Nobel Prize winner, and M. Nussban. Amartya has enabled the measurement of human development by the United Development Program (UNDP). He helped invent the capabilities approach, which is the foundation of indices used by UNDP in their measurements. Through these indices the achievement in education and health can be measured in addition to income (Nussbaum, 67). Objectives The main...
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...Ethics in Lehman brothers Always thought Amartya Sen Nobel Prize in economics that economic ethics is a prerequisite for the development of the economies of the world factor. Historically, the company has focused on the management of its tangible assets to protect its reputation through a financial impeccable acting. In the Lehman Brother lacked ethics. Few years ago was enough Appear in the market for a company to be accepted by its stakeholders, but it is no longer acceptable consumer confidence has worsen by extremely serious corruption scandals and empty moral that last years have plagued economic sectors as if Bear Stearns Lehman Brother, Madoff, the energetic (Enron), telecommunications (WorldCom), and in racing a (Toyota). The culture in the majority of the big companies is the same in some cases as Lehman Brothers, some CEO, don’t have the time to review the statements for that reason the company hiring a some person who take charge of this politics, but in the case of Lehman’s Brothers is different because the CEO of the company knows what happen, When Lehman Brother beginning to use the money to buy toxic stocks and bonds is this the beginning of the fall of Lehman Brother. In the other hand the ethic is lack in Lehman Brother in other companies like Lehman is talking about Enron has the same problems of Lehman their finance is not clear they starting use the money they have to purchase toxic stocks the shareholders try to cover their actionist and use the...
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...choice[1] is right to exercise one's freedoms in any manner one may choose except where such act may obstruct or prevent others from exercising their freedoms, put oneself or others in danger, or exceeds a statutory limit. According to online Black’s law dictionary[2], Unfettered right to do what one wants when one wants as one wants, except where it infringes or prevents another from doing what that one wants, and do so on. Also excluded is doing something that would harm one’s self or another. Human development is a concept within the scope of the study of the human condition, specifically international development, relating to international and economic development. This concept of a broader human development was first laid out by Amartya Sen, a 1998 Nobel laureate, and expanded upon by Martha Nussbaum, Sabina Alkire, Ingrid Robeyns, and others (UNDP, 2012). Human development encompasses more than just the rise or fall of national incomes. Development is thus about expanding the choices people have, to lead lives that they value, and improving the human condition so that people have the chance to lead full lives (Streeten, 1994). Thus, human development is about much more than economic growth, which is only a means of enlarging people’s choices (UNDP, 2012). As a general definition, indicators are “tools for providing specific information on the state or condition of an event, activity or outcome.”[3]Indicators can be either quantitative or qualitative statements. Quantitative...
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...Compare capabilities approaches to poverty with monetary approaches. What are the strengths and weaknesses of each? In your view, which is better for understanding poverty? Explain your answer. “What a weary time those years were- to have the desire and the need to live but not the ability” (Bukowski, 1982). Poverty affects billions of people worldwide, particularly in sub-Saharan Africa and East Asia. Defining poverty is almost as difficult as eradicating it. For the purpose of this essay, I will take poverty to mean the state of being exceptionally poor. Furthermore, poorness will be defined as an extremely low quality of life, which culminates as a result of social, political and economic factors. In order to examine the strengths and weaknesses of each approach, it is necessary to identify who these are strengths and weaknesses for; a strength of an approach may be considered a weakness from a different perspective. Governments and international organisations, with a common goal of lifting poverty from disadvantaged countries, are the main focus of this essay. Leading policy makers around the world have adopted a “uni-dimensional perspective on poverty” (Wong, 2012) which largely focuses on a lack of income. This definition provides the basis for the Monetary Approach to poverty. However, this is an exceptionally constricted view of poverty, disregarding many social and political factors that contribute to the current, bleak situation. The Capabilities Approach to poverty...
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...Bills A comprehensive Study Copyrights : ManjRockers Food Security Bill : Important features : This law aims to provide subsidized food grains to approximately two thirds of India's 1.2 billion people.[2] Under the provisions of the bill, beneficiaries are to be able to purchase 5 kilograms per eligible person per month of cereals at the following prices: * rice at 3 (4.6¢ US) per kg * wheat at 2 (3.1¢ US) per kg * coarse grains (millet) at 1 (1.5¢ US) per kg. 75% of rural and 50 percent of the urban population are entitled The states are responsible for determining eligibility; Pregnant women and lactating mothers are entitled to a nutritious "take home ration" of 600 Calories and a maternity benefit of at least Rs 6,000 for six months; Children 6 months to 14 years of age are to receive free hot meals or "take home rations"; The central government will provide funds to states in case of short supplies of food grains; The current food grain allocation of the states will be protected by the central government for at least six months; The state governments will provide a food security allowance to the beneficiaries in case of non-supply of food grains; The Public Distribution System is to be reformed; Criticisms: Giving people virtually free food will keep them dependent on a ‘mai baap party’, trapping them into a permanent vote bank. It is a brilliant strategy of the Congress party at the centre — both...
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...ACADEMIC QUALIFICATION: IS PRE- REQUISITE FOR SUCCESS… Amartya Sen, the recipient of the Nobel Prize, the Bharat Ratna Puruskar and so many other prestigious awards, is definitely one of the most treasured Indians. He has brought in, innumerable changes, revolutionized and challenged existing thought patterns and beliefs in economics and related fields. Surely there could be no better illustration of the glory of academic qualification Namskar to this intellectual gathering, the distinguished members of the jury, I, code no- vehemently support the motion – Academic qualification: Is pre-requisite for success. My counter parts may b convincing enough in their efforts of establishing that academic qualification are not the only prerequisite to success……but to their utter dismay I would acknowledge their efforts as totally misguiding. Qualifications are about conforming to standards – standards of knowledge and proficiency, standards of expertise and training, standards that allow one person to be compared t o another. My worthy oponents may argue that academic qualifications can hinder business acumen but friends, this business would not have been possible without the founders’ qualifications. In India, today all the heads of the leading bussiness houses are well proficient in their academic qualification. Ratan Tata, Kumar mangalam Birla, rahul bajaj, mukhesh ambani and many other bussiness tycoons of our country persued their post graduatation from the pretigious global...
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