TITLE:
Amartya Sen’s Peasant Economies: A Review with Examples
AUTHORS:
Haradhan Kumar Mohajan
KEYWORDS:
Peasant Economy, Output, Sen, Withdrawal of Labor
JOURNAL NAME:
Open Access Library Journal,
Vol.3 No.1,
January
29,
2016
ABSTRACT:
This article provides partial mathematical analysis of Amartya Sen’s
published paper “Peasants and Dualism with or without Surplus Labor”. This
paper may provide useful illustrations of the applications of mathematics to
economics. Here, three portions of Sen’s paper “the simplest model, production
for a market response and to withdrawal of labor” are discussed in some
details. Results of the study are given in mathematical formulations with
physical interpretations. An attempt is taken here to make the Sen’s paper more
interesting to the readers who have desire for detailed mathematical
explanations with theoretical analysis.