Good economics from India
From Angus Sibley at www.equilibrium-economicum.net.
Sibley provides a brief summation of why Amartya Sen rejects market fundamentalism in favor of his Capabilities Approach. Market fundamentalism might be good if all we wanted to do is maximize total wealth. Instead, he proposes maximizing human wellbeing, a radically different goal that takes into account positive freedoms.
The Capabilities Approach can in some ways be viewed a an extended reformulation of modern liberalism, and it is perhaps the most important political/philosophical development of the 20th century. Martha Nussbaum has a new book out describing it, Creating Capabilities: The Human Development Approach. Capabilities is a good way to make sure that everybody benefits from society. The book is not the best read you'll encounter, but the ideas are great.