Which economist took the subject of economics away from approaches that focus exclusively on income ...........

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Which economist took the subject of economics away from approaches that focus exclusively on income, growth and utility,

with an increased emphasis on individual entitlements, capabilities, freedoms and rights?

This questions was previously asked in

SSC MTS 2nd Nov 2021 Shift-2

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Robert Lucas

Amartya Sen

Milton Friedman

Adam Smith

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Explanation:

- Amartya Sen: Correct answer. He shifted the focus of economics to include entitlements, capabilities, freedoms, and rights. Sen introduced ideas like the Human Development Index, emphasizing well-being beyond mere income.

- Robert Lucas: Renowned for work on rational expectations and macroeconomic theory. His work is more traditional, focusing on economic growth and policy impacts.

- Milton Friedman: A champion of monetarism and free-market policies. He emphasized individual choice and is known for his work on consumption analysis and monetary policy.

- Adam Smith: The "Father of Economics." He introduced classical economics concepts like the invisible hand and focused on markets and economic growth.