Partha Dasgupta – författare

What if we were to put a value on nature just as we value everything else?For as long as they have existed, our economic models have served us an incomplete picture. The models and metrics tell us that our economies are healthy because they are growing. However, this doesn’t account for the fact that our growth is driven by a resource that we take for free and treat as infinite: nature. We know now, more than ever, that our demand on the natural world is unsustainable. It’s no longer sufficient to only see part of the picture; it’s time that our economic models show us the whole thing.An urgent call from renowned Cambridge economist Sir Partha Dasgupta to transform the focus and structures of global economics, On Natural Capital is a bold and groundbreaking book that could, truly, change everything.'the most important person you've never heard of' - The New York Times'Partha Dasgupta provides the compass we urgently need… by bringing economics and ecology together, we can help save the natural world at what may be the last minute – and in doing so, save ourselves.’ - David Attenborough

Economics has the capacity to offer us deep insights into some of the most formidable problems of life, and offer solutions to them too. Combining a global approach with examples from everyday life, Partha Dasgupta describes the lives of two children who live very different lives in different parts of the world: in the Mid-West USA and in Ethiopia. He compares the obstacles facing them, and the processes that shape their lives, their families, and their futures. He shows how economics uncovers these processes, finds explanations for them, and how it forms policies and solutions. Along the way, Dasgupta provides an intelligent and accessible introduction to key economic factors and concepts such as individual choices, national policies, efficiency, equity, development, sustainability, dynamic equilibrium, property rights, markets, and public goods.ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Two and a half billion people are affected directly on a day to day basis by the allocation and use of primary local resources. Yet `official' development economics has concentrated on headline international issues and only recently begun to take account of the dependence of poor countries on their natural resources, the link between acute poverty and environmental degradation, and the problems associated with the management of local common property such as soil and soil cover, water, forests and their products, animals and fisheries. In these volumes, which are part of the WIDER programme on the Economics for the Environment, expert contributors provide a set of authoritative studies of emerging development issues, ranging from foundational matters to case studies, original research (in areas where there has been a paucity of work) to survey papers. They address both analytic and empirical issues on the role of environmental resources in the development process, presenting explanations of existing situations and policies for the future. A wealth of interests and backgrounds is represented, and reflected in the cross-fertilization between papers.

Two and a half billion people are affected directly on a day to day basis by the allocation and use of purely local resources. Yet `official' development economics has concentrated on headline international issues and only recently begun to take account of the dependence of poor countries on their natural resources, the link between acute poverty and environmental degredation, and the problems associated with the management of local common property such as soil and soil cover, water, forests and their products, animals and fisheries. In these volumes, which are part of the WIDER programme on the Economics of the Environment, expert contributors provide a set of authoritative studies of emerging development issues, ranging from foundational matters to case studies, original research (in areas where there has been a paucity of work) to survey papers. They address both analytic and empirical issues on the role of environmental resources in the development process, presenting explanations of existing situations and policies for the future. A wealth of interests and backgrounds is represented and reflected in the cross-fertilization between papers.

An interdisciplinary book by one of the most respected scholars in what is broadly development economics but encompasses the most recent insights from philosophical research and empirical work on resource allocation, nutrition science, and anthropology. It has been widely recognized as a seminal work presenting a wide-ranging description of the causes and remedies of poverty and undernourishment, and addressing the current debate over methods of estimating their incidence.

Transnational commons, cross-border areas without well-defined property rights, have long been ignored in 'official' development economics. This volume redresses the balance by adopting an environmental approach which stresses the importance of shared natural resources and the links between acute poverty and environmental degradation. The Economics of Transnational Commons draws together eminent contributors from fields as diverse as law, population studies, social anthropology, biological sciences, and economics, to present authoritative accounts that combine empirical case-studies with rigorous theoretical foundations. Despite the milti-disciplinary approach, the main focus of the articles is the same: that the reciprocal externalities and problems of free-riding created by any common resource are complicated in the case of transnational commons by difficulties in monitoring, enforcement, and unequal access to information. Often using theories of negotiation taken from game theory, the studies then suggest possible solutions, both at an institutional and educational level. In order to make these materials suitable for teaching purposes, the authors have been encouraged to survey their topics rather than present their most recent findings. A companion publication, The Environment and Emerging Development Issues Volumes 1-11 (edited by Dasgupta and Mahler), deals with national environmental issues.

Two and a half billion people are affected directly on a day-to-day basis by the allocation and use of purely local resources. Yet 'official' development economics has concentrated on headline international issues and only recently begun to take account of the dependence of poor countries on their natural resources, the link between acute poverty and environmental degradation, and the problems associated with the management of local common property such as soil and soil cover, water, forests and their products, animals and fisheries. In these two volumes, expert contributors provide a set of authoritative studies of emerging development issues, ranging from foundational matters to case studies. They address both analytic and empirical issues on the role of environmental resources in the development process, presenting explanations of existing situations and policies for the future. A wealth of interests and backgrounds is represented, beyond the confines of environmental economics proper; and this is reflected in the cross-fertilization between papers. In order to make these materials suitable for teaching purposes, authors have been encouraged to survey their topics rather than present their most recent findings.

Two and a half billion people are affected directly on a day-to-day basis by the allocation and use of purely local resources. Yet 'official' development economics has concentrated on headline international issues and only recently begun to take account of the dependence of poor countries on their natural resources, the link between acute poverty and environmental degradation, and the problems associated with the management of local common property such as soil and soil cover, water, forests and their products, animals and fisheries. In these two volumes, expert contributors provide a set of authoritative studies of emerging development issues, ranging from foundational matters to case studies. They address both analytic and empirical issues on the role of environmental resources in the development process, presenting explanations of existing situations and policies for the future. A wealth of interests and backgrounds is represented beyond the confines of environmental economics proper, and broader theoretical issues fundamental to our understanding of environmental policy are covered.In order to make these materials suitable for teaching purposes, authors have been encouraged to survey their topics rather than present their most recent findings.

In Human Well-Being and the Natural Environment, Partha Dasgupta explores ways to measure the quality of life. Although the problem pervades a number of academic disciplines, it is not confined to the academic realm. International organizations regularly publish cross-country estimates of the quality of life, journalists and commentators publicize them, and national governments are obliged to take note of them. Today, quality-of-life indices broker political arguments and together form a coin that even helps purchase economic and social policy.It is therefore ironic that indices of human well-being in current use are notably insensitive to our dependence on the natural environment, both at a moment in time and across generations. Moreover, international discussions on economic development in poor regions all too frequently ignore the natural resource base. In developing quality-of-life measures, Professor Dasgupta pays particular attention to the natural environment, illustrating how it can be incorporated, more generally, into economic reasoning in a seamless manner. The result is a treatise that goes beyond quality-of-life measures and offers a comprehensive account of the newly emergent subject of ecological economics. The connections between biodiversity, ecosystem services, resource scarcities, and economic possibilities for the future are developed in a quantitative, but accessible, language. Such familiar terms as 'sustainable development', 'social discount rates', and Earth's 'carrying capacity' are given a firm theoretical underpinning. The theory that is developed is then put to use in extended commentaries on the economics of population, poverty traps, global warming, structural adjustment programmes, and free trade. The author shows that, whether we are interested in valuing the state of affairs in a country or in evaluating economic policy there, the index that should be used is the economy's wealth, which is the social worth of its capital assets. The concept of wealth adopted here is a comprehensive one, including not only manufactured assets, but also human capital, knowledge, and the natural environment. Wealth is contrasted with such popular measures of human well-being as gross national product and the United Nations Development Programme's Human Development Index.Although the theory developed here is not restricted in its applicability to the circumstances facing poor countries, the exposition is prompted by the author's concerns over the dilemmas facing poor people in those parts of world. Repeatedly, he applies the theory to data on poor countries. The picture that emerges is a sobering one and contrasts sharply with that portrayed in the contemporary literature on economic development.The book has been written not only for fellow economists, but also for students of economics, environmental studies, political science, and political philosophy. It is intended even more broadly for the general citizen interested in human well-being and the centrality of the natural environment to our everyday lives.

In Human Well-Being and the Natural Environment, Partha Dasgupta explores ways to measure the quality of life. In developing quality-of-life indices, he pays particular attention to the natural environment, illustrating how it can be incorporated, more generally, into economic reasoning in a seamless manner. Professor Dasgupta puts the theory that he develops to use in extended commentaries on the economics of population, poverty traps, global warming, structural adjustment programmes, and free trade, particularly in relation to poor countries. The result is a treatise that goes beyond quality-of-life measures and offers a comprehensive account of the newly emergent subject of ecological economics.With the publication of this new paperback edition, Professor Dasgupta has taken the opportunity to update and revise his text in a number of ways, including developments to facilitate its current use on a number of gradate courses in environmental and resource economics. The treatment of the welfare economics of imperfect economies has been developed using new findings, and the Appendix has been expanded to include applications of the theory to a number of institutions, and to develop approximate formulae for estimating the value of environmental natural resources.

This book is volume 3 of the proceedings of the World Economic Congress held in Athens in August 1989, under the auspices of the International Economic Association. It considers various aspects of economic policy and development faced by countries with different social, cultural and political systems. Part 1 deals with agricultural issues, with an emphasis on public choice theory and aspects of welfare in various countries, including the USA and the European Community. In Part 2, food security and nutrition issues are analyzed, and the problems of achieving sufficient nutrition levels and sex bias are tackled, with case studies ranging from sub-Saharan Africa to Bangladesh. Part 3 is devoted primarily to debt, trade and industrialization issues in developing countries. Five case studies are presented, concentrating on Latin America and Africa, and solutions are proposed to intractable problems. Lastly, in Part 4, development within centrally planned economies is considered. The four papers in this section provide an up-to-date assessment of some of the problems of economic transition from central planning to market economy and the implications for the role of central government.

A growing awareness of the contribution that technological change has made and can make to economic and social welfare has brought science and technology policy to the forefront of public discussions in both national and international forums. The papers in this volume, first presented at a Centre for Economic Policy Research conference held in London in September 1986 on the Economics of Technology Policy, represent a wide ranging contribution to the debate. Generally aimed at the non-specialist, the papers cover both the experience and application of policy as well as providing in-depth discussions of the rationale for intervention in the process of technological change. The authors include both policy-makers (Barber, Ergas and White) and the academic economists (Dasgupta, David, Griliches, Lyons, Pakes, Stiglitz and Stoneman). The volume will be of particular interest to policy-makers and their advisers concerned with technology-related issues and will contribute significantly to undergraduate and graduate courses in the same area.

Economists have in recent years found the theory of games to be an attractive route for exploring imperfectly competitive markets. In this collection of articles, some of the best minds in contemporary economics on both sides of the Atlantic xplore both the potential and the limitations of this theoretical framework.In a lengthy introduction, the editors conduct a comprehensive survey of the hypothesis of game theory and its goals which provides a unique perspective on the subject. At the same time, they warn the theory is not sufficiently well developed to provide an analysis of all games. The papers which follow fall into three sections: equilibrium theory, imperfect competition and the design of organizations. Together they explore and illustrate many aspects of the economic application of game theory in industrial organization.

This book provides an account of the current understanding of social capital. It covers both theoretical and empirical studies, and the concept is debated throughout. Also included in this volume is the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organizing concept in the social sciences. The volume is divided into areas that cover the analytical foundations and institutional and statistical analyses of social capital.

We are part of Nature, not separate from it. We rely on Nature to provide us with food, water and shelter; regulate our climate and disease; maintain nutrient cycles and oxygen production; and provide us with spiritual fulfilment and opportunities for recreation and recuperation, which can enhance our health and well-being. Nature's constituents such as ecosystems and the biodiversity that are embodied in them are therefore assets. Yet Nature is more than an economic good: many recognise its intrinsic worth and argue that it has moral worth too. This landmark report explains the current state of play in relation to biodiversity loss and outlines a sustainable path to deal with this problem, one that will require us to change how we think, act and measure success. The report was originally commissioned and published by HM Treasury.

We are part of Nature, not separate from it. We rely on Nature to provide us with food, water and shelter; regulate our climate and disease; maintain nutrient cycles and oxygen production; and provide us with spiritual fulfilment and opportunities for recreation and recuperation, which can enhance our health and well-being. Nature's constituents such as ecosystems and the biodiversity that are embodied in them are therefore assets. Yet Nature is more than an economic good: many recognise its intrinsic worth and argue that it has moral worth too. This landmark report explains the current state of play in relation to biodiversity loss and outlines a sustainable path to deal with this problem, one that will require us to change how we think, act and measure success. The report was originally commissioned and published by HM Treasury.

The rapidly increasing human pressure on the biosphere is pushing biodiversity into the sixth mass extinction event in the history of life on Earth. The organisms being exterminated are integral working parts of our planet's life support system, and their loss is permanent. Like climate change, this irreversible loss has potentially devastating consequences for humanity. As we come to recognise the many ways in which we depend on nature, this can pave the way for a new ethic that acknowledges the importance of co-existence between humans and other species. Biological Extinction features chapters contributed by leading thinkers in diverse fields of knowledge and practice, including biology, economics, geology, archaeology, demography, architecture and intermediate technology. Drawing on examples from various socio-ecological systems, the book offers new perspectives on the urgent issue of biological extinction, proposing novel solutions to the problems that we face.

The rapidly increasing human pressure on the biosphere is pushing biodiversity into the sixth mass extinction event in the history of life on Earth. The organisms being exterminated are integral working parts of our planet's life support system, and their loss is permanent. Like climate change, this irreversible loss has potentially devastating consequences for humanity. As we come to recognise the many ways in which we depend on nature, this can pave the way for a new ethic that acknowledges the importance of co-existence between humans and other species. Biological Extinction features chapters contributed by leading thinkers in diverse fields of knowledge and practice, including biology, economics, geology, archaeology, demography, architecture and intermediate technology. Drawing on examples from various socio-ecological systems, the book offers new perspectives on the urgent issue of biological extinction, proposing novel solutions to the problems that we face.

Economists all too often assume that ecosystem and population dynamics are subject to convex (even linear) processes. However, research by ecosystem and population ecologists has shown that the processes in question are very often non-convex. This has important implications for environmental and resource economics. Typically, a system under study or being managed would contain multiple basins of attraction. So the system would flip from one basin to another if a "threshold" (mathematically, a bifurcation) were crossed. Furthermore, the flip could be irreversible. But even if it were reversible, the system could well display hysteresis. The latter eventuality means that in order to entice the system to return to its original basin of attraction, a different and possibly costly path has to be traced. A mistake in management may then be a lot more costly than envisaged. An example would be a possible flip of the Gulf Stream owing to fresh water intrusion from melting glaciers during global warming. These conclusions offer a sharper interpretation of the so-called precautionary principle. Moreover, the structure of optimum taxes and subsidies that Nature calls for is likely to be far m

Economists all too often assume that ecosystem and population dynamics are subject to convex (even linear) processes. However, research by ecosystem and population ecologists has shown that the processes in question are very often non-convex. This has important implications for environmental and resource economics. Typically, a system under study or being managed would contain multiple basins of attraction. So the system would flip from one basin to another if a "threshold" (mathematically, a bifurcation) were crossed. Furthermore, the flip could be irreversible. But even if it were reversible, the system could well display hysteresis. The latter eventuality means that in order to entice the system to return to its original basin of attraction, a different and possibly costly path has to be traced. A mistake in management may then be a lot more costly than envisaged. An example would be a possible flip of the Gulf Stream owing to fresh water intrusion from melting glaciers during global warming. These conclusions offer a sharper interpretation of the so-called precautionary principle. Moreover, the structure of optimum taxes and subsidies that Nature calls for is likely to be far m

'The most important person you've never heard of' - The New York Times'Partha Dasgupta provides the compass we urgently need… by bringing economics and ecology together, we can help save the natural world at what may be the last minute – and in doing so, save ourselves.’ - David Attenborough'This is the best book in economics for a general reader since Adam Smith’s The Wealth of Nations.' - Paul R Ehrlich‘Imagine a football team which measures its success only on the basis of the goals it scores and doesn’t count the goals it concedes. That football team could be losing right through without recognising it…’For as long as they have existed, our economic models have served us an incomplete picture.The models and metrics tells us that our economies are healthy because they are growing. However, this doesn't account for the fact that our growth is driven by a resource that we take for free and treat as infinite: nature. For centuries we have been using it as if it were both, but we know now, more than ever, that our demand on the natural world is unsustainable. It's no longer sufficient to only see part of the picture; it's time that our economic models show us the whole thing.In On Natural Capital, renowned Cambridge economist Sir Partha Dasgupta lays out a seminal and groundbreaking new approach to economics. Challenging everything that has come before, he asks, what if we were to put a value on nature just as we value everything else?An urgent call to transform the focus and structures of global economics, On Natural Capital is a bold and groundbreaking book that could, truly, change everything.

This is a collection of theoretical papers, including contributions by Partha Dasgupta and three Nobel prize-winning economists: Kenneth Arrow, Amartya Sen, and Joseph Stiglitz. Originally published in 1982.

Karl-Goran Maler's work has been a mainstay of the frontiers of environmental economics for more than three decades. This outstanding book, in his honour, assembles some of the best minds in the economics profession to confront and resolve many of the problems affecting the husbandry of our national environments.This book investigates many of the recent advances in economics, in terms of the management of natural resources and environments. The authors also concentrate on other important issues such as control theory for non-convex economic problems, duopoly theory, game theory, local public finance, patent races and population control. In addition, they investigate the difficulties involved in constructing environmental agreements, and detail the potential benefits of marrying together the disciplines of ecology and economics. As a whole, the book effectively illustrates both the power and limitations of economics to shed light on many of today's pressing environmental issues.The diverse range of topics and exceptional quality of the authors - including contributions by Nobel Laureates Kenneth J. Arrow and Robert M. Solow - will make this book essential reading for academics and advanced level students of environmental and resource economics, as well as natural scientists with an interest in resource allocation issues.

Is knowledge an economic good? Which are the characteristics of the institutions regulating the production and diffusion of knowledge? Cumulation of knowledge is a key determinant of economic growth, but only recently knowledge has moved to the core of economic analysis. Recent literature also gives profound insights into events like scientific progress, artistic and craft development which have been rarely addressed as socio-economic institutions, being the domain of sociologists and historians rather than economists. This volume adopts a multidisciplinary approach to bring knowledge in the focus of attention, as a key economic issue.

Is knowledge an economic good? Which are the characteristics of the institutions regulating the production and diffusion of knowledge? Cumulation of knowledge is a key determinant of economic growth, but only recently knowledge has moved to the core of economic analysis. Recent literature also gives profound insights into events like scientific progress, artistic and craft development which have been rarely addressed as socio-economic institutions, being the domain of sociologists and historians rather than economists. This volume adopts a multidisciplinary approach to bring knowledge in the focus of attention, as a key economic issue.

How should we evaluate the ethics of procreation, especially the environmental consequences of reproductive decisions on future generations, in a resource-constrained world? While demographers, moral philosophers, and environmental scientists have separately discussed the implications of population size for sustainability, no one has attempted to synthesize the concerns and values of these approaches. The culmination of a half century of engagement with population ethics, Partha Dasgupta’s masterful Time and the Generations blends economics, philosophy, and ecology to offer an original lens on the difficult topic of optimum global population.After offering careful attention to global inequality and the imbalance of power between men and women, Dasgupta provides tentative answers to two fundamental questions: What level of economic activity can our planet support over the long run, and what does the answer say about optimum population numbers? He develops a population ethics that can be used to evaluate our choices and guide our sense of a sustainable global population and living standards. Structured around a central essay from Dasgupta, the book also features a foreword from Robert Solow; correspondence with Kenneth Arrow; incisive commentaries from Joseph Stiglitz, Eric Maskin, and Scott Barrett; an extended response by the author to them; and a joint paper with Aisha Dasgupta on inequalities in reproductive decisions and the idea of reproductive rights. Taken together, Time and the Generations represents a fascinating dialogue between world-renowned economists on a central issue of our time.