Quarterly Journal of Austrian Economics

Development as Freedom by Amartya Sen

The Quarterly Journal of Austrian Economics


Volume 3, No. 1 (Spring 2000)


Amartya Sen’s wide-ranging book grasps a point ignored by many economists.  Economists are generally alive to the virtues of markets, and few since the collapse of communism have a good word to say about central planning.  Commonly, though, economists defend markets strictly on grounds of efficiency: the free economy “gets the job done” in a way that socialism cannot match. Professor Sen sees deeper than this.  The freedom to trade counts as an intrinsic human right, valuable apart from its contribution to economic growth.

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