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Mr. Dubey • 100.64K Points
Coach Economic

Q. Amartya Sen was awarded the Noble Prize for his contribution to

  • (A) Monetary Economics
  • (B) Welfare Economics
  • (C) Econometrics
  • (D) Development Economics
  • Correct Answer - Option(B)
  • Views: 532
  • Filed under category Economic

Explanation by: Mr. Dubey
For Welfare Economics and Social Choice Theory, Amartya Sen, in 1998 was awarded the Noble Prize. Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. ... The field of welfare economics is associated with two fundamental theorems.

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