"The United States National Medal of Arts and Humanities awarded Monday to Nobel Laureate Amartya Sen — the first non-American to be conferred the rare honour — speaks to the universalism of his contributions in economics and philosophy over the past five decades. "
The Hindu : Opinion / Editorial : Sen, the moral universalist: In the immediate aftermath of the 2008 housing and banking collapse, a policy consensus quickly built up in Europe and the U.S. around the adoption of more or less Keynesian stimulus policies to generate employment and productivity.
Of immense relevance is the point that Gross Domestic Product (GDP) was conceived as a metric originally only to monitor cyclical fluctuations of the market, not to measure societal well-being. Hence, his criticism of the Indian elites for chasing GDP targets over more substantial goals such as universal guarantees of basic health care and education.
The Hindu : Opinion / Editorial : Sen, the moral universalist: In the immediate aftermath of the 2008 housing and banking collapse, a policy consensus quickly built up in Europe and the U.S. around the adoption of more or less Keynesian stimulus policies to generate employment and productivity.
Of immense relevance is the point that Gross Domestic Product (GDP) was conceived as a metric originally only to monitor cyclical fluctuations of the market, not to measure societal well-being. Hence, his criticism of the Indian elites for chasing GDP targets over more substantial goals such as universal guarantees of basic health care and education.