Who is the Indian-origin British economist and author of The Argumentative Indian, and also the recipient of the Nobel Prize in Economic Sciences for work on welfare economics?
Show answer & explanation
Correct answer: C
Explanation
Solution: The correct answer is Amartya Sen.
Explanation:
☛ Amartya Sen is an internationally acclaimed Indian economist and philosopher who won the Nobel Memorial Prize in Economic Sciences in 1998.
☛ He was awarded the Nobel Prize for his groundbreaking contributions to welfare economics, social choice theory, and poverty research.
☛ He is the author of the widely celebrated book 'The Argumentative Indian' (published in 2005), which explores India's history, culture, and long tradition of intellectual debate.
☛ In recognition of his immense contribution to economics and public welfare, he was conferred India's highest civilian honour, the Bharat Ratna, in 1999.
Extra Exam-Relevant Facts:
☛ Other prominent books written by Amartya Sen include 'Development as Freedom', 'Poverty and Famines', and 'The Idea of Justice'.
☛ Abhijit Banerjee: An Indian-American economist who received the Nobel Memorial Prize in Economic Sciences in 2019 along with Esther Duflo and Michael Kremer for their experimental approach to alleviating global poverty.
☛ Raghuram Rajan: Former Governor of the Reserve Bank of India (2013–2016) and author of famous books like 'Fault Lines' and 'I Do What I Do'.
☛ Jagdish Bhagwati: A renowned Indian-American economist widely known for his research in international trade and advocacy of free trade.
Important One-Liners for Upcoming Exams:
☛ In which year was Amartya Sen awarded the Nobel Memorial Prize in Economic Sciences? → 1998
☛ Which economic model was jointly formulated by Amartya Sen and Mahbub ul Haq to create the Human Development Index (HDI)? → Capability Approach
☛ Who authored the famous book 'Poor Economics'? → Abhijit Banerjee and Esther Duflo
☛ Which Indian economist served as the Chief Economist of the International Monetary Fund (IMF) from 2003 to 2006? → Raghuram Rajan
☛ In which year did the Nobel Prize in Economic Sciences officially begin? → 1969