The London School of Economics and Political Science (LSE) has announced the establishment of the Amartya Sen Chair in Inequality Studies to honour the Nobel laureate, who was Professor of Economics at LSE from 1971-82.

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According to the release by the institute, Sen will also serve as the director of the LSE International Inequalities Institute, focused on studying and challenging some of the most pressing issues.

“The International Inequalities Institute is a living embodiment of the School’s enduring commitment to working for the betterment of society through research, education and public engagement. In naming this chair after Amartya Sen, we recognise one of the world’s great thinkers on social equity. We look forward to appointing an outstanding person to lead the work of the Institute as it continues to deliver sustainable and meaningful benefits to people and global communities,” LSE Director Minouche Shafik was quoted as saying in the release.

The chair, the release said, will provide coordination and strategic leadership on the inter-disciplinary analysis of inequalities at LSE. Besides, it will connect research on inequalities across the School, engage with the public and policy-makers, and develop and supports new world-class research.

The chair, along with Atlantic Fellows for Social and Economic Equity (AFSEE), will benefit from a significant investment by Atlantic Philanthropies as part of its global commitment to harnessing the power of research and social change initiatives to further global equity.