The enormous standing of Pareto optimality in welfare economics, as was argued earlier, relates closely to the hallowed position of utilitarianism in… - Amartya Sen

While this discussion has been rather critical of economics as it stands, it is not my intention to suggest that these problems have been very satisfactorily dealt with in the existing ethical literature, so that all that would need to be done would be to incorporate the lessons from that literature into economics, by, getting it closer to ethics. This, alas, is not the case. In fact, it is arguable that some of these ethical considerations can be helpfully analysed further by using various approaches and procedures utilized in economics itself.

Democracy has to be judged not just by the institutions that formally exist but by the extent to which different voices from diverse sections of the people can actually be heard.

Ambedkar is my Father in Economics. He is true celebrated champion of the underprivileged. He deserves more than what he has achieved today. However he was highly controversial figure in his home country, though it was not the reality. His contribution in the field of economics is marvelous and will be remembered forever..!