…can be made: voting, typically used to make “political” decisions, and the market mechanism, typically used to make “economic” decisions’. Roughly twenty years later, in his Nobel prize lecture, Kenneth Arrow argued: ‘If we want to rely on the virtues of the market but also to achieve a more just distribution, the theory suggests the strategy of changing the initial distribution rather than interfering with the allocation process at some later sta…

…Prospect magazine has assembled an international list of leading thinkers to identify those engaging most originally and profoundly with the central questions of the world today, and to provoke debate about the role of intellectuals in public life. The list includes 3 former HDCA Presidents: Amartya Sen, Martha Nussbaum and Kaushik Basu. Cast your votes here. Voting closes at midnight on 11th April 2014….