Prof Sen balances East and West

On Nov 4, I was fortunate to watch an interview on CCTV 9 of Nobel Laureate Prof Amartya Sen.

First of all, I would like to congratulate the interviewer Tian Wei for posing some very interesting questions and Prof Sen for the apt answers. Prof Sen identified the cause of the economic recession as the lack of financial discipline in the US and the scaling back of regulations. He is of the view that there must be a balance between the market economy and regulatory controls.