Learning Topics
This module tackles some very broad and deep questions touching on the philosophical foundations of development economics and economics more generally. It opens with a lecture entitled “Sustainable Development” in which the speaker introduces the notion of system interdependency in regards to the three primary interlocking systems necessary both for human survival and economic prosperity. As the speaker points out, the economy is embedded within the broader society, which is itself embedded within the biophysical environment necessary for survival. Thus, we should not see these three systems as in competition with one another. Rather, they depend on one another. More specifically, in the long run, there is no economic development without a sustainable foundation in society as well as the biophysical environment. The second presentation in this module presents some of the central ideas of Amartya Sen on development. In this presentation, “Amartya Sen on Development,” we learn about Sen’s capability approach to development. In Sen’s definition, development involves the maximization of individuals’ control over their own lives and the maximization of their ability to do what they want with their lives. This capability centered approach to development is often seen as an alternative to simple conceptions of development as increases in material wealth or the satisfaction of basic needs.
Learning Outcomes
These presentations will help students to better comprehend two of the deeper issues at the core of development economics. First, it will teach them about the interdependence of the economy with society and the biophysical environment supporting human life. Second, they will learn about Amartya Sen’s innovative approach to assessing economic development in terms of maximizing human potential and individuals’ capabilities.
