Amartya Sen Quotes About Economy
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South Korea at the end of the Second World War had a very low level of literacy. But suddenly, like in Japan, they determined they were going in that direction. In 20 years' time, they had transformed themselves. So when people go on saying that it's all because of perennial culture, which you cannot change, that's not the way the South Korean economy was viewed before the war ended. But again within 30 years, people went on saying there's an ancient culture in Korea that has been pro-education, which is true.
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Human development, as an approach, is concerned with what I take to be the basic development idea: namely, advancing the richness of human life, rather than the richness of the economy in which human beings live, which is only a part of it.
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The market economy succeeds not because some people's interests are suppressed and other people are kept out of the market, but because people gain individual advantage from it.
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I attempted to see famines as broad "economic" problems (concentrating on how people can buy food, or otherwise get entitled to it), rather than in terms of the grossly undifferentiated picture of aggregate food supply for the economy as a whole.
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Globalization can be very unjust and unfair and unequal, but these are matters under our control. Its not that we dont need the market economy. We need it. But the market economy should not have priority or dominance over other institutions.
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