Chennai: Nobel laureate Amartya Sen has won the newly constituted Charleston-EFG-John Maynard Keynes Prize.
A release said, “In the spirit of John Maynard Keynes’ work, life and legacy, this new global prize recognises Professor Sen’s outstanding contribution to society.”
Sen is regarded as one of the foremost thinkers in the field of Famine, Poverty, Social Choice and welfare economics. Amartya Sen’s work has been thoroughly influential and has a profound impact in the formulation of developmental policy.
Reacting to the honour conferred upon him Sen said, ““I feel deeply honoured by the news of this award. The world in which we live today has been made much more secure by the economic wisdom that Keynes brought to us during the dark days of the Great Depression. When that wisdom is partly or wholly ignored in the making of economic policy, large numbers of people are made to suffer unnecessarily. I am afraid we have seen several depressing examples of that in the recent years, especially in Europe, with a huge human toll. Keynes was a great pathfinder, and it would have distressed him to see how well-identified paths can be comprehensively neglected by policymaking that draws more on ideology than on well-reflected reasoning.”
Dame Liz Forgan announced the award at the Royal academy on Monday night. Speaking on the occasion she said, “The aim of this prize is to honour individuals from around the world who continue to embody Keynes’ extraordinary attributes. The remarkable Amartya Sen couldn’t be a more worthy winner in this inaugural year. Philosopher, economist, teacher, moralist, his tireless commitment to the cause of ending inequality and deprivation by bringing a penetrating intelligence to bear on their causes is truly exceptional. On behalf of my fellow judges I would like to congratulate Professor Sen on his outstanding achievements.”
In the award, Prof. Sen will receive 7,500 pounds to start a work of art and will give annual Charleston EFG Keynes Lecture at the Charleston Festival in the U.K.