Charleston-EFG John Maynard Keynes Prize 2015.

Date: February 11, 2015

Amartya Sen J. M. Keynes Charleston-EFG John Maynard Keynes Prize 2015 welfare economics

Economist Amartya Sen awarded inaugural J. M. Keynes Prize 2015

Eminent Indian origin economist and Nobel laureate Amartya Sen has been awarded the inaugural Charleston-EFG John Maynard Keynes Prize 2015.
He was chosen for this award for his ground-breaking work that has profound impact on the formation of development policy worldwide and outstanding contribution to society. Prof, Sen is regarded as one of the foremost thinkers in the field of famine, poverty, social choice and welfare economics. His ground-breaking work has been academically influential and has had a profound impact on the formation of developmental policy worldwide.
He will receive £7,500 to commission a work of art. He will also give the annual Charleston-EFG Keynes Lecture on the topic The Economic Consequences of Austerity at the Charleston Festival on 23 May 2015.

Amartya Sen also won Nobel Memorial Prize in Economic Sciences in 1998 for his work in welfare economics, India’s highest Civilian Award Bharat Ratna-  in 1999 and National Humanities Medal in 2012.
Amartya Sen was born on 3 November 1933 in Manikganj district in British India (Now in Bangladesh).

About John Maynard Keynes:-

J. M. Keynes is one of the fathers of modern macroeconomic theory and widely considered to be one of the most important economists of all time, along with Adam Smith and Karl Marx. His ideas challanged the dominant framework of classical economics and continue to influence both economic and fiscal policy for Western governments many decades later.The crux of Keynes' views was that government interventionist policy was necessary in order to combat excessive boom and bust cycles in a nation's economy.  Keynesian ideas began to gain favor during the Great Depression when many of his proposals influenced the American and British governments, particularly Roosevelt's New Deal policies. And while it took some time for Keynes' ideas to take hold, they eventually gained ground and became a dominant school of economic thought for the next decade.Ideas of Keynes are given in his book "General Theory of Employment, Interest, and Money".


Charleston, in Sussex, used to be the home and country meeting place for the writers, painters and intellectuals of the Bloomsbury group.