HT THIS DAY: October 12, 1981 — Amartya Sen baggage Nobel for economics


 

  • ‘I’m happy that my topic has acquired recognition’
  • The entire of India will revel within the award, says Vajpayee
  • Mom remembers the time when her son survived oral most cancers

 

Stockholm. Thinker-economist Amartya Sen of India received the Nobel Economics Prize immediately for his contribution to welfare economics, and particularly his analysis into the causes of famine and poverty, report businesses. 

Prof. Sen, 64, is the primary Asian to win the coveted prize because it was inaugurated in 1969. 

In its quotation, the Royal Swedish Academy of Sciences, which adjudged the prize stated that Prof. Sen had made “a number of key contributions to the analysis on elementary issues in welfare economics. His contributions vary from axiomatic idea of social alternative, over definitions of welfare and poverty indexes, to empirical research of famine,” it stated. 

Economists described Sen as a leftwing Professor who nonetheless pursued an unbiased line, main him, for instance, to his Nobel-winning work on famine. Chatting with PTI from a New York resort, Prof. Sen stated he was “more than happy” to obtain the award, significantly as a result of the topic for which he had been honoured touched the lives of strange folks. “What pleases me most is that the topic has acquired recognition,” he stated. 

Prof. Sen stated he had been woken by an early morning phone name to be instructed he had received the award. “I believed there was some emergency when the cellphone rang,” he stated. He had flown into New York late on Tuesday to ship a lecture. 

Prime Minister Atal Behari Vajpayee stated the entire of India would revel within the award. “The nation is happy with your achievement,” Vajpayee stated in a message, expressing his “profound sense of pleasure” on the information. 

 

The economics Nobel has been nearly the personal area of American lecturers, with solely the occasional win for his or her counterparts in Western Europe. For an Asian economist to be awarded the prize represents a radical departure for the Nobel Committee.

 

 From the beginning of his profession, Prof. Sen confirmed a “specific curiosity in probably the most impoverished members of society,” the academy stated.

 

 He was born in Bengal in 1933 and acquired his doctorate from College of Cambridge in 1959. He has been a Professor in India, Britain and america. At the moment a Professor at Trinity Faculty, Cambridge, he’s the primary solo winner of the economics prize since 1995. 

Prof. Sen will probably be introduced with a medal and a cheque for 7.6 million Swedish kronor (9,38,000 {dollars}) at an official ceremony in Stockholm on December 10, the 102nd anniversary of the demise of the creator of the prizes, Swedish inventor and industrialist Alfred Nobel. 

 

4TH CALCUTTAN TO WIN NOBEL: Calcutta immediately took delight at having its fourth Nobel laureate in Prof Sen after Rabindranath Tagore, Prof C. V. Raman and Mom Teresa, a report from Calcutta stated. 

 

Prof Sen is the sixth Indian Nobel laureate and the nation’s first economist to win the coveted award. 

 

Since 1913 when Tagore received Nobel Prize for literature, it was one other 17 years earlier than physicist C. V. Raman, who primarily based his analysis right here, received the Nobel. 

 

In 1979, Albania-born Mom Teresa, who primarily based her missionary actions in Calcutta bagged the Nobel for Peace. 

Now it’s the flip of Prof Sen, who was initially educated within the metropolis and carried out his fundamental analysis right here. It was from Calcutta’s premier Presidency Faculty that Prof Sen graduated in 1953. From right here, he went to Cambridge College for increased schooling and engaged within the examine of welfare economics. 

 

SEN’S MOTHER STOICAL: After a number of nominations and refusals from the Royal Swedish Academy for Science, Prof. Sen’s choice for the Nobel Prize has come as a shock to his mom Amita Sen. “When he known as me earlier within the day to present the information, I instructed him I’m not going to debate this with anybody until I see it within the newspapers tomorrow. Bablu (Amartya’s pet identify) laughed and instructed me this time the information was actual,” she instructed PTI.

 

Requested with whom she would have appreciated to share this hour of pleasure, Amita stated, “my husband. When he died in 1971, there already had been talks of Bablu’s possibilities of successful the Nobel.”

 

On his deathbed, her husband had regretted not having the ability to survive lengthy sufficient to see their son win the Nobel Prize, she stated. 

 

Prof. Sen’s mom stated on the age 19, her son was identified as having oral most cancers and docs gave him solely 5 years to dwell. “It was then that I despatched him to Cambridge for remedy.”

 



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