The German Book Trade has chosen Indian Nobel prize-winning economist and philosopher Amartya Sen for its prestigious 2020 Peace Prize. He has been chosen for the prestigious prize for his pioneering work addressing issues of global justice, social inequality in education and healthcare.
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The German Book Trade is awarding the Peace Prize annually since 1950. The prize comes with a cash prize of €25,000 euros ($28,000). Through Peace Prize, the German Book Trade aims to honor individuals who have made an outstanding contribution to the realization of the idea of peace primarily through his activities in the fields of literature, science and art.
Amartya Sen won the Nobel Prize in Economic Sciences in 1998 for his research on fundamental problems in welfare economics. Studies of social choice, welfare measurement, and poverty.