Nobel Winner to Use Money for Charity

Nobel economics laureate Amartya Sen said he will use his prize money to set up a trust for education and health care. “I want to set up a charitable trust,” Sen told about 5,000 people at an official function to honor him in the eastern Indian city of Calcutta. Besides the prestige the Nobel prize confers, it is worth more than $950,000. Sen, who studied economics in Calcutta before going to Cambridge University in England, has done research on famines and advocates an active role for the state in welfare activities, including public health and education.