The book is praised for its groundbreaking contributions to development economics, particularly in challenging traditional measures and advocating for a broader understanding of human welfare. The reviewer appreciates Sen's insightful analysis and comprehensive approach.
Gary S. Fields highlights that Amartya Sen's work in 'Resources, Values and Development' is groundbreaking in the field of development economics. The reviewer particularly appreciates Sen's challenge to traditional economic measures like GDP, arguing for a more holistic approach that includes human welfare and autonomy. Fields notes that Sen's contributions are not just theoretical but also have practical implications for policy-making. The book is seen as a significant step forward in understanding development from a more human-centric perspective. The reviewer also commends Sen's ability to connect abstract economic theories with real-world applications, making the book both academically rigorous and practically relevant.
Quick quotes
Resources, Values and Development contains many of Amartya Sen's path-breaking contributions to development economics.
Sen's work challenges traditional economic measures of development, such as GDP, and argues for a broader understanding that incorporates human welfare and autonomy.
The book is a significant step forward in understanding development from a more human-centric perspective.