In which year did Amartya Sen receive the Nobel Prize for Economics?
- A.1998
- B.2004
- C.1997
- D.1999
Correct answer
Explanation
The correct answer is A, 1998. Amartya Sen received the Nobel Memorial Prize in Economic Sciences in 1998 for his contributions to welfare economics. His work spans social choice theory and the measurement of poverty and inequality, and his book 'Poverty and Famines' argued that famines come not only from a fall in food output but from a collapse in people's ability to buy food. With Mahbub ul Haq he helped shape the Human Development Index, and his other books include 'Development as Freedom' and 'The Argumentative Indian'. Option B is wrong because 2004 has no link with his prize. Option C is wrong because the economics prize of 1997 went to Robert Merton and Myron Scholes for their work on valuing options. Option D is wrong because 1999 is the year Amartya Sen was given the Bharat Ratna, which students often mix up with the Nobel. Exam tip: remember Nobel 1998 and Bharat Ratna 1999 for Amartya Sen, and note that Abhijit Banerjee won the economics Nobel in 2019.
Practice Questions
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