Instead of measuring development and equality as gdp per capita and basic needs coverage, he suggests the option of capabilities, as the positive possibilities people have, it means that individuals have the freedom as well as the means to explore said freedom
You also need to point out the issues with the distribution of wealth. That is a key element. GINI coefficient, for example, is also an important measure. Just because you can't put something into a fixed numbered system doesn't mean that it is not useful. Additionally, you left out Sen's five freedoms and that is a key part of his work. It can also be argued that the Capabilities Approach is what underpins the entire HDI. For more information about Sen, you should read his books.
He is not an "indian and bengali" economist.he is an INDIAN economist or u can say bengali economist .there is no And in between(i mean not supposed to be)
Instead of measuring development and equality as gdp per capita and basic needs coverage, he suggests the option of capabilities, as the positive possibilities people have, it means that individuals have the freedom as well as the means to explore said freedom
You also need to point out the issues with the distribution of wealth. That is a key element. GINI coefficient, for example, is also an important measure. Just because you can't put something into a fixed numbered system doesn't mean that it is not useful. Additionally, you left out Sen's five freedoms and that is a key part of his work. It can also be argued that the Capabilities Approach is what underpins the entire HDI. For more information about Sen, you should read his books.
Capabilities: Health, play, imagination, gender equality, freedom of speech, etc.
Thanks for such a lucid explanation!
What is meant by good "outcome"? Does it mean standard of life?
great video. Thanks
He is not an "indian and bengali" economist.he is an INDIAN economist or u can say bengali economist .there is no And in between(i mean not supposed to be)
Sir Story Hindi transaliting
@Trevor Antonio lol bot😂
Sir, l am not understanding so please translate into Hindi
Well he's not Indian so I don't think he can translate in Hindi ma'am