Who is the author of the book 'On Economic Inequality'?
Show answer & explanation
Correct answer: A
Explanation
Correct Answer:
Option 1: Amartya Sen
Explanation:
‘On Economic Inequality’ is a book written by the renowned economist Amartya Sen. In this book, he has conducted an in-depth analysis of various aspects of economic inequality, including its measurement and impact. Through the lenses of ‘Welfare Economics’ and the ‘Capability Approach,’ he demonstrated that poverty is not merely a lack of income, but also a lack of opportunities. He was awarded the Nobel Prize in 1998.
Additional Facts:
Option 1: Correct Answer.
Option 2: Amiya Kumar Bagchi is also an economist.
Option 3: Raghuram Rajan is a former Governor of the RBI.
Option 4: Arvind Subramanian is an economist.
Potential Questions for Upcoming Exams:
Question: When did Amartya Sen receive the Nobel Prize?
Answer: 1998
Question: What is the Capability Approach?
Answer: A theory of human development.
Question: What is the HDI?
Answer: Human Development Index.
Question: What is the objective of Economics?
Answer: The utilization of resources.