Rediff Logo Business Rediff Shopping Online Find/Feedback/Site Index
May 18, 2000








 Check them out!

The Millennium

India, the WTO:
Implications for the economy

The NDA govt
and the economy

Bomb & sanctions:
full coverage

Cars, courts and Euro norms: Auto emissions, the pollution factor and the industry's response.
The Maruti Saga:
The market-leader's rise,
decline, fight-back.

The Tata airplan --
on the tarmac:
The famous Indian
corporate's aviation projects in jeopardy.

'A billion? So? Population is not a problem,' says Amartya Sen
'Over the last 24 years, global food price has come down by 50 per cent. Only in India, we have not witnessed this downslide in the food prices,' the Nobel laureate told school students in Calcutta.

Amartya roots for Manmohan as PM, wants next govt to focus on land reforms
''Dr Singh, my very close and dear friend, may one day very well become the prime minister. He has many years to go. He may well be the prime minister in his full bloom," the economics Nobel laureate said.

Low-wage, organised economies facilitate good health, Amartya tells WHO
Despite average economic growth, Kerala, Sri Lanka, China and Costa Rica could achieve rapid reduction in mortality rate and better living conditions because of heavy public spending on education and health, the Nobel laureate said.

Amartya Sen receives Bharat Ratna
The President also presented the country's highest civilian award to Pandit Ravi Shankar and posthumously to Jayaprakash Narayan and Gopinath Bordoloi.

Amartya flays theory linking non-democratic systems and growth
The Nobel laureate said high economic growth of Singapore or China cannot be taken as a 'definitive proof' that authoritarianism does better in promoting economic growth. He said a democratic country like Botswana has the best growth rate in Africa.

Bharat Ratna for Amartya Sen
Mother Teresa is the other Nobel Prize winner who was also honoured with the Bharat Ratna. Missile scientist A P J Abdul Kalam was the other non-politician to be conferred India's top civilian honour by the Vajpayee government.


National Insurance names education policy after Sen
After numerous honorary memberships including those of the Calcutta Club and East Bengal, a leading soccer club, comes Amartya Siksha Yojana Policy.

Sen says Pokhran was bad realpolitik; stresses freedom-economy link
The Nobel laureate also offered glimpses of his two forthcoming books which discuss the five elements of freedom: "enabling freedom, political freedom, economic freedom, transparency freedom and protective freedom''.

Government to endeavour to put Sen's ideas to practice
The Sinha-Sen talks focused on the state of public finances in India, problems and initiatives in infrastructure, public sector reforms, social development issues, decentralisation and globalisation.

Prime Minister to powwow with Amartya Sen in Delhi
''The meeting will be fixed at a mutually convenient time,'' BJP spokesman K L Sharma said. It is likely to be on January 5, after Vajpayee returns from a trip to Andamans and Bangalore.

Amartya to fund education and health trust with prize money
'Education and healthcare have been my major concerns over the last few decades,' the economics laureate said. Initially, the activity of the Pratichi Trust will be confined to India and Bangladesh.

Market economy not the panacea, says Nobel atheist Sen
'The success of market economy depended on many factors like health, education and land reforms while undeveloped industries need government help. One should not solely depend on market economy. Some economists suggest it but I do not,' he said.

Sen pays for his prize with his freedom
Surrounded by security guards and intruding journalists, the Nobel laureate wasn't spared even when he met his ailing 87-year-old mother Amita at their home, 'Pratichi'.

Make basic education a fundamental right and show India isn't economically and politically bankrupt, exhorts Amartya Sen
'The tendency to obtain higher education in India is five times more than in China but none can find neglect of basic education in China. The time has come when in our country total emphasis should be laid on basic education.'

Amartya Sen returns to repay his debt to alma mater
Eightyfive years after the felicitation of Asia's first Nobel laureate, Amrakunja at Viswabharati was witness to yet another feting of a Nobel laureate on Monday morning.

Nobel 'Bablu' links economics with culture, education, human resources, idealogy, future
'We have to learn from Japan, South Korea, Thailand and China where economic development was preceded by spate of education. This must be emulated by the countries like India, Pakistan and Bangladesh,' the economist said.

Home, not alone: Amartya Sen underlines correlation between political stability and development
The Nobel laureate got a rousing welcome at Calcutta airport. Later, he said: 'Removal of poverty depends on primary education, uniformity in land reforms, primary health service and optimum use of market.'

From famines to philosophy: Sen and the art of humanistic economics
By combining tools from economics and philosophy, Amartya Sen has restored an ethical dimension to the discussion of vital economic problems, the Royal Swedish Academy of Sciences said on its award of the Nobel prize for economics for 1998.

'Finance Minister? Governor of Trinidad? Why should I like to be some other?'
Nobel laureate Amartya Sen advised Indian policy-makers to refocus development objectives and direct them towards those 'who are the worst off in the society'.

Amartya Sen's Nobel: unwarranted Left euphoria
That Sen has been anointed a prophet with honour in his own country is an indication that the two-steps-forward, one-step-back economic liberalisation and deregulation effort being essayed in socialist India is likely to acquire a human face, writes Dilip Thakore.

'Taking a dogmatic anti-western view is dangerous'
'I think we cannot achieve high growth rates (like China's) without having a much more participatory democracy.' An exclusive interview with Economics Nobel laureate Prof Amartya Sen.

Solution to India's poverty 'within reach', avers Amartya Sen
'What is required is the acknowledgement of the seriousness of India's massive poverty rather than getting bogged down in some kind of dogmatic debate about whether you rely 100 per cent on market or reject market mechanism 100 per cent,' Prof Sen told Voice of America.

Economics is not a kind of business, it's not the job of economists to eliminate business cycles, says Amartya Sen
'I think it would be nice to eliminate them and, indeed, it is possible certainly to reduce them. But the fact that sometimes these things would happen does not indicate that these times are worth nothing,'' the Nobel laureate said.

Economists urge India to utilise Amartya Sen's wisdom
Amartya Sen's trail-blazing theoretical work highlighting the acute relevance of entitlement, deprivation, education, gender justice and basic health need to be integrated into the country's development process, experts opined at a seminar in New Delhi.

Sen's Nobel Prize evokes mixed response from US media
'Throughout his long career and voluminous writings, Amartya Sen has done little but give voice to the muddleheaded views of the Establishment leftists who dominate his world of academics and nongovernmental organisations,' Robert Pollock wrote in Wall Street Journal.

Sen pleased at recognition to welfare economics
Though Sen downplayed his Nobel achievement, saying there were many others who deserved the prize and he wished he could share it with them, those who know him well said it couldn't have happened to a nicer person.


'It is very difficult to be absolutely certain what the economic policy at the moment is'
'There is much to learn from East Asia -- I know that these days people are sceptical because of their financial crisis, but it would be a great mistake to underestimate what East Asia did achieve. The transformation of economies, beginning with Japan, then South Korea, Hong Kong, Singapore, then China, then Thailand, have been major achievements that we mustn't belittle because of their present-day financial crisis.' Nobel laureate Prof Amartya Sen talks on the issues close to his heart.

Amartya Sen, welfare economist, bags Nobel
He was awarded the prestigious prize "for his contributions to welfare economics,'' which have helped in the understanding of the economic mechanisms underlying famines and poverty, the Royal Swedish Academy of Sciences said in its citation.

Economists thrilled at Sen's Nobel
Bibek Debroy, an economist with the Rajiv Gandhi Foundation who has studied the works of Sen, however, has one major fear. "While one is pleased at an Indian winning the Nobel, I feel Sen has been somewhat unfair to the pro-reform economists," he said, adding, "And I fear that after winning the Nobel, he may become more influential."

Let us not confuse policy with academic brilliance, says Prof Bhagwati
Asked if the economic crisis had a hand in Sen getting the Nobel, he discounted the idea. "The Nobel committee decides as early as March. Second, they sort of rotate the economics Nobel among the various streams of economics. So this was the time of welfare," he said, adding, "When the time of international finance, it will be Robin Mandel, for econometrics it will be Edmund Phelp, and when it is the turn of international trade, I'll get it!"

Sen's work is 'devoted to the welfare of the poorest people in society'
Prof Sen's contribution to welfare economics ... (and) applications of his theoretical approach have enhanced our understanding of the economic mechanisms underlying famines. He has made a number of noteworthy contributions to central fields of economic science and opened up new fields of study for subsequent generations of researchers, says the Royal Swedish Academy of Sciences in its citation to the economist.

Prof Sen gave ethical underpinnings to mainstream economics
Few people know that he is still an honorary professor at the Delhi School of Economics, where he taught for eight years until 1971. Described by his colleagues in the country as an ''absolutely brilliant'' academic and a ''fine conversationalist'', Prof Sen moved with equal felicity in philosophy and economics.

Prof Sen, sixth Indian to win Nobel prize
He joins an illustrious club of Rabindranath Tagore, C V Raman, Hargobind Khorana, Mother Teresa and Subramanian Chandrasekhar.

Calcutta confirms association with Nobel laureates
If the city was the creative rendezvous for poet Rabindranath Tagore that inspired some of the greatest works of art of the age, it could turn itself into a laboratory for Dr C V Raman. If Job Charnock's city could bare its injured soul to Mother Teresa for that touch of solace, it could evolve into an economic problem for Amartya Sen to solve.

For Amartya's mother, disbelief is the first emotion
"I am not going to take your words for granted, for so many times our expectations have been belied. I will believe only when I see the official letter,'' Amita Sen, the 87-year-old mother of Dr Amartya Sen, told her son when he contacted her from abroad to break the news of his winning the Nobel prize for economics.

Moscow varsity's Indian scholar files PIL against calling Sen a Nobel laureate
The Supreme Court is likely to hear the public interest litigation on December 16. The official Website of the Nobel Foundation however refers to the winners of the economics prize as laureates.

SC rejects petition against 'Nobel laureate', denounces misuse of PIL
The judges said that even if it is assumed that Prof Sen had been awarded the Bank of Sweden Prize for Economic Sciences instituted in memory of Alfred Nobel and not the Nobel prize for economics, it could hardly be a subject matter of a writ petition, much less of a public interest petition.

Tell us what you think of this report