Amartya Sen, Raghuram Rajan, Abhijit Banerjee write: The unexpected loss of income and savings can have serious consequences, even if the meals are secured for now: farmers need money to buy seeds and fertilizer for the next planting season; shopkeepers need to decide how they will fill their shelves again
Amartya Sen writes: Tackling a social calamity is not like fighting a war which works best when a leader can use top-down power to order everyone to do what the leader wants — with no need for consultation. In contrast, what is needed for dealing with a social calamity is participatory governance and alert public discussion.
Divisions, tensions and violence between groups and sects that political separatists promote not only damage our social lives, but also work as barriers to intellectual progress within as well as across nations.
Karl Marx's philosophy has often been narrowly defined as ideas being determined by economic conditions. In the bicentennial of his birth, it is important to recognise his focus on the two-way nature of that relationship