CONTRIBUTIONS OF DR. AMARTYA SEN IN ECONOMICS
Dr. Shaifali Rachna Puri
Director, Snehal Education Private Limited; Director, Ana Publishing Private Limited;
Director, Saujanaya International Educational Foundation (NGO)
Dr. Amartya Sen is one of the most famous Indian economists of all times. He is equally famous as a philosopher. Dr. Sen is renowned for his contributions in welfare economics, economic and social justice. He is the profounder of many theories on famines and indexes for measuring the wellbeing of citizens, particularly in the developed nations.
Dr. Sen is at present a Professor in Harvard University and a faculty member of Harvard Law School. He won the Nobel Prize in 1998 for his contributions in welfare economics. In 1999, the Government of India conferred upon him the highest civilian award of the nation, Bharat Ratna. In 2017, Sen received the John Skytte Prize for his contributions in political science.
He was born in a Bengali family in Shantiniketan, Birbhum district, West Bengal, India on 3rd of November, 1933. The great Bengali poet and Nobel laureate, Gurudev Rabindranath Tagore gave him his name which in Bengali means “immortal”. Sen’s father, Ashutosh Sen was a professor of chemistry in Dhaka University, now in Bangladesh. His mother Amita Sen was the daughter of world famous scholar of Bengali literature and Indian philosophy, Kshitimohan Sen. Besides this, Amita Sen was also famous as a Tagore scholar and enthusiast.
KEYWORDS: Dr.Amartya Sen, Economics, entitlement and famines.
MAJOR STAKEHOLDERS IN HEALTH CARE SYSTEM: GOVERNMENT, NON-GOVERNMENT & OTHER PROFESSIONALS
* Dr. Amandeep Kaur & **Dr. Eilean L. Victoria
*Executive Editor, The Research Reservoir of Paramedical Sciences (An International Peer Reviewed refereed journal).
**Assistant Professor, Department of Adult & Critical Care, College Of Nursing, Sultan Qaboos University, Muscat, Oman.
A stakeholder is a person, group, organization or system who affects and can be affected by an organizational action. In the health care system stakeholders include external, internal and interface stakeholders. This article has listed the steps in management of stakeholders, diagnosis of key stakeholder relationship, types of stakeholder relationships, and generic strategies for management of stakeholders in the context of health care sector.
KEY WORDS: Stakeholders, health care system and stakeholder relationships.
APPLICATIONS OF MOBILE PHONES FOR COMMUNICATION BY HEALTH PERSONNEL: A STUDY IN THE CONTEXT OF BIHAR
*Istkar Ahmed **Dr. Rajesh G. Konnur
*Research Scholar, Himalayan University, Itanagar, Arunachal Pradesh, India.
**Associate Professor, KHFHCON, Patna, Bihar, India.
A study to assess the applications of mobile phone in communication in health care sector Patna, Bihar was conducted. The study objectives were to assess the application of mobile phone in health care, find out association between applications of mobile phones with selected demographic variables. Descriptive research approach was used. Descriptive research design is applied to collect the data. The total sample was 100 health care professionals who were working in a selected hospital. The tool consisted of questionnaire on demographic characteristics and mobile assessment in health care. The data obtained was analyzed using descriptive and inferential statistics. The mean score on “communication “was (22.16+- 6.60) which is 67.15%. The mean score on “over all application” was (49.28+-12.62) which is 69.22%. The above findings of the present study show that mobile use in health care setting is very significant. The health apps are used as a tool in prevention and management of health and illness.
KEY WORDS: Health care, mhealth, health apps and mobile phone.
OPEN MARKET OPERATIONS: MERITS AND DEMERITS
Dr. Aamarpali Puri
Director – Concept Research Foundation
Open market operations refer to the sale or purchase of government securities in the open market by the central bank to the commercial banks in order to control the amount of credit flow in the economy. This method of controlling the credit flow in the economy is particularly followed during a state of inflation. In India the Reserve Bank has engaged itself in open market operations almost on a regular basis and successfully controlled the flow of credit. This article aims to explore the merits and demerits of open market operations. One of the greatest merits of open market operations is that it enables the central bank to maintain its control on the commercial banks and the economy of the country. On the other hand to make the policy of open market operations successful the capital market has to be organized.
Key words: open market operations, government securities, central bank, commercial banks.
THE DEBATE ON FARM SIZE AND PRODUCTIVITY IN INDIAN ECONOMICS
B.Com. (Hons.) [C.U.], Certificate in Financial Accounting (CMC), DFA (CMC),
PGDBF (HSIS India), Certificate in Accounting (GLOBSYN Skills & NSDC),
GPBL (TASMAC School of Business & University of Wales, U.K.),
Associate Member – National Institute of Personnel Management (India),
Postgraduate Diploma in Business Administration (Marketing) [University of Wales, U.K.].
In the 1960s statistics about farm size and productivity of farms were collected and studied by world famous Indian economist Dr. A.K. Sen. After these studies Sen reached the conclusion that the relation between farm size and productivity is inverse in India. He pointed out that there is no other source of employment for poor villagers. So they prefer to cultivate their own land which is small in size. When villagers cultivate their own land they put in all their efforts and life into it. But that is not the case with large farms. Large farm owners are rich. They have many other sources of earning. So they appoint outside people to cultivate their own land. These outside people do not cultivate those lands by putting in all their efforts because they will get the wages at the same rate irrespective of the productivity. So Sen suggested that this led to large farms having low productivity and small farms having high productivity in India. Sen’s proposition was supported by a group of Indian economists like Professor Dipak Majumdar, Professor A.K. Khusro, Professor C.H. Hanumantha Rao and Professor G.R. Saini. However, soon came the period of green revolution that revolutionized Indian agriculture. Sen, while commenting on the relationship between farm size and productivity assumed that labor is the most important investment in agriculture. But after green revolution technology, HYV seeds, chemical fertilizers and sophisticated machineries started to be used in Indian agriculture. There was a tectonic shift in Indian agriculture. From being labor intensive, it became capital intensive. Thus, Sen’s proposition lost its importance and validity.
Today most economists around the world prefer to believe that in Indian agriculture may be there was a time when there was an inverse relation between farm size and productivity, but today there is no such relationship.
KEY WORDS: Farm size, productivity, small farms, large farms and green revolution.