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“My Well-being is (Not) as Important as Yours”: Self-sacrifice as Further Economic Motive in Amartya Sen's Thought

In: Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the First History of Economics Diversity Caucus Conference

Author

Listed:
  • Valentina Erasmo

Abstract

This paper shows that Amartya Sen admitted self-sacrifice as an opposite motive to self-interest. Between the eighties and the nineties, in his works on development economics, Sen often referred to the conditions of women in less developed countries, because these are areas where gender inequality is more pronounced, and women’s well-being is worsened by behavior motivated by self-sacrifice. But these women were affected by a perception bias that made them unable to understand their deprived condition. Perception bias made it harder to improve their freedom and reduce inequality. Sen offered a more complex analysis of economic behavior as compared to his contemporaries. Selfishness and public discussion might be identified as the ideal methods of improving individual well-being when inequality and perception bias leads people to self-sacrifice.

Suggested Citation

  • Valentina Erasmo, 2023. "“My Well-being is (Not) as Important as Yours”: Self-sacrifice as Further Economic Motive in Amartya Sen's Thought," Research in the History of Economic Thought and Methodology, in: Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the First History of Economics Diversity Cau, volume 41, pages 67-81, Emerald Group Publishing Limited.
  • Handle: RePEc:eme:rhetzz:s0743-41542023000041b004
    DOI: 10.1108/S0743-41542023000041B004
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