63ʳᵈ B.P.S.C. (Pre) 2017
Which one of the following approaches is associated with Prof. Amartya Sen?
aBasic Needs Approach
bCapability Approach✓ Correct
cIncome Approach
dWelfare Approach
eNone of the above/More than one of the above
Explanation
The Capability Approach was developed in the 1980s as an alternative perspective to welfare economics. The main objective of the Capability Approach is to focus on an individual’s freedom, highlight the multi-dimensional nature of well-being, and reduce personal inequality. Prof. Amartya Sen is a leading economist of this approach, and he was awarded the Nobel Prize in Economics in 1998 for welfare economics.
economic-social-development