It’s no good talking about sustainable development without moving to a system that incorporates inclusive wealth.
He is recognised for developing economic theory and tools to measure the relationships between human and environmental well-being, poverty, population, economic growth and the state of natural resources.
“Sir Partha Dasgupta’s contributions to economics have driven fundamental and ongoing changes in the international conversation about sustainable and just development, and use of natural resources,” said Tyler Prize Executive Committee Chair Julia Marton-Lefèvre, the Edward P. Bass Distinguished Visiting Environmental Scholar at Yale University.
“From co-chairing the committee that advised Pope Francis on the scientific basis of climate change to helping shape the Sustainable Development Goals, Sir Partha’s work has ensured that we keep in mind both people and the way we use our natural resources to benefit present and future generations,” added Marton-Lefèvre.
Dasgupta’s work challenges the conventional thinking on how nations measure their well-being and places an emphasis on population and environmental sustainability.
“We have long measured the progress of nations in terms of what they produce and consume as expressed in the gross domestic product (GDP),” said Dasgupta. “We need to be working with an entirely different measure. GDP doesn’t tell us if we are growing in a way that benefits all in society, including future people; it ignores factors like inequity and whether we are using our natural resources in a way that can also benefit future generations.”
Since its inception in 1973 as one of the world’s first international environmental awards, the Tyler Prize has been the premier award for environmental science, environmental health and energy.
“Sir Partha’s work to create a framework for sustainable development and his commitment to addressing poverty and the environment have made him unsurpassed among environmental economists in the world,” said Simon Levin, the 2014 Tyler Prize Laureate.
As the winner of the Tyler Prize, Dasgupta will receive a $200,000 cash prize and a gold medallion and join the ranks of Laureates that include Edward O. Wilson, Jane Goodall, Jared Diamond, Paul and Anne Ehrlich, M.S. Swaminathan, Thomas Lovejoy, Jane Lubchenco and Madhav Gadgil. A full list of past winners is available at www.tylerprize.usc.edu/pastlaureates.html. The Prize, awarded by the international Tyler Prize Executive Committee with the administrative support of the University of Southern California, honors exceptional foresight and dedication in the environmental sciences and policy—qualities that mirror the prescience of the Prize’s founders, John and Alice Tyler, who established it while the environmental debate was still in its infancy.
Watch a video about his work here
Chasing Questions in Economics: From the Streets of Calcutta to the Vatican
“I didn’t have a big vision or an agenda when I started my career,” says Dasgupta. “This has been a 40-year chase in which I started with narrow problems and then found that I needed to understand them in a larger context.”
For Dasgupta, one part of this chase began while walking the streets of Calcutta to see his parents. “I saw women begging and some had children with them. It was part of life,” explained Dasgupta. “On one occasion I saw a baby about a year old lying next to her mother with flies on her face. It was a moving sight, but I began wondering why she wasn’t swatting the flies away.”
Thinking about how this girl was using—or not using—very limited energy led Dasgupta to explore broader questions on the relationship between nutrition and health and what they meant for human productivity. These interests expanded quickly to the use of and value placed on natural resources, population, and sustainability.
Forty years later, Dasgupta is recognised as a leading global expert for his work studying economic and environmental issues and incorporating other disciplines. Notably, Dasgupta co-chaired the joint report for the Pontifical Academy of Sciences and the Pontifical Academy of Social Sciences—entitled Climate Change and The Common Good—which served as the scientific basis for Pope Francis’ call to action on climate change, the encyclical on the environment (Laudato si').
Rethinking a Nation’s Ledger: Challenging Our Understanding of Wealth and Economic Growth
Dasgupta’s work across economic questions led him to recognise that a more comprehensive and complex measure of national and economic well-being is necessary to help governments craft better economic and development policies.
“Judging the wealth and health of countries using GDP captures just a moment in time and not where the country is headed. It’s like judging the current and future prospects of a household by only noting its annual expenditure on goods and services and not enquiring whether that expenditure was drawing down the household wealth,” explained Dasgupta.
Instead, Dasgupta and colleagues advocate that nations should measure their “inclusive wealth,” which includes not only the value of a country’s infrastructure and tools for production—such as roads, buildings and factories—and education and health of its citizens (human capital), but also the value of natural capital (environmental health, ecosystems, sub-soil resources). Inclusive wealth measures a nation’s potential productivity.
Dasgupta and his colleague Karl-Goran Maler showed that future generations will have a higher quality of life if an economy’s inclusive wealth grows at a faster rate than its population. “It’s no good talking about sustainable development without moving to a system that incorporates inclusive wealth,” said Dasgupta.
Dasgupta serves as the Scientific Advisor to the Inclusive Wealth Project, a UN-sponsored initiative that seeks to measure the wealth and long-term sustainability of countries. This approach, he argues, must be put to work in global discussions around sustainability, including the recently agreed upon UN Sustainable Development Goals (SDGs).
“We can’t trick ourselves into thinking that reaching the SDGs benchmarks—such as no poverty or no hunger—is success alone. We have to reach them through smart development policies or that success will be fleeting,” said Dasgupta. “We’ll only know if we’ve done that by asking whether the development policies that will be adopted to meet the SDGs will raise inclusive wealth at a faster pace than the population grows.”
Engaging Diverse Perspectives to Answer Big Questions: From Environmental Stewardship to Population
Over the course of Dasgupta’s career, he has collaborated with experts from many other disciplines, including ecologists, epidemiologists and anthropologists. While Chair of the Board of the Beijer Institute, Dasgupta and colleagues brought together economists and ecologists from around the world to address problems of environmental stewardship and helping the world’s most disadvantaged people.
“Sir Partha had the intellectual leadership to help bring together partners that had never worked together in this way,” said Levin.
In 2013, Dasgupta chaired a diverse expert committee for India’s Prime Minister Manmohan Singh, which constructed a framework for measuring India’s national well-being that incorporates not only economic output, but also the health and value of environmental and natural resources.
“Doing economics is like peeling an onion. ‘Why’ is a persistent question,” said Dasgupta. “The problem, as well as the attraction, for me has always been that at each stage I discovered that I needed other disciplines to help me answer the questions.”
Dasgupta’s efforts to engage diverse perspectives extend to regional views as well. He co-founded the South Asian Network for Development and Environmental Economics (SANDEE) to elevate the work of scholars from developing countries, and launched the journal Environment and Development Economics, which publishes research on poverty and environmental resources by scholars in poor countries.
“In the developed world the environment is often thought of as an amenity—is the beach polluted or is the national park a place I want to go on vacation—but most of humanity does not enjoy the environment solely as an amenity,” explained Dasgupta. “People in poorer countries understand this complexity, but their voices aren’t heard enough.”
Image: Partha Dasgupta
Credit: St John’s College / Jake Dyer
Partha Dasgupta (Image credit: St John’s College / Jake Dyer)Professor Sir Partha Dasgupta, an economist and Fellow of St John’s, whose research focuses on questions of global poverty and the sustainable use of natural resources, has been awarded the 2015 Blue Planet Prize.
The prize, in two categories, is given annually to individuals or organisations for scientific work that has also helped to address global environmental problems. Professor Dasgupta is one of the two winners (for scientific discoveries); the other is Professor Jeffrey D. Sachs from Columbia University.
Over the course of several decades of research, Professor Dasgupta has introduced questions about our use of natural resources into broader economic reasoning. This has led to the re-evaluation of how governments and global organisations deal with poverty and measure wealth, challenging the use of standard tools of analysis such as Gross Domestic Product (GDP).
Professor Dasgupta said that he hoped the award would draw further attention to the fact that the improvement of humanity’s relationship with the environment requires action and solutions at a household level as well as on a global scale.
“Humanity’s engagement with nature is the most significant feature of our lives and in need of urgent repair and yet we mostly avoid addressing it,” he said. “The institution that is the Blue Planet Prize signals that sad fact annually and brings environmental problems, both in the large and in the small, to the world’s attention. It is understandable that global environmental problems attract public interest, but the ‘large’ is made of the myriad small issues. Ultimately, if humanity is to make peace with nature, the move will have to come from each one of us.”
Professor Dasgupta was born in 1942 in Dhaka, then in India, and studied Mathematics as a student at Cambridge before embarking on a research career in Economics. As well as a Fellow of St John’s he is Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, a Fellow of both the British Academy and the Royal Society, a Member of the Pontifical Academy of Social Sciences, and Foreign Member of the US National Academy of Sciences, the American Academy of Arts and Sciences, and the American Philosophical Society.
He is credited with having unified, within economic thought, the twin ideas that living standards should be maintained from one generation to the next, and that natural resources – or “natural capital” – should also be conserved. This has led him to formulate various ideas both about how Governments should ensure that natural capital such as forests, wetlands, fisheries, and wildlife is not jeopardised, and about how people should be made to pay for the exploitation of natural resources and compensated for their loss.
Many of his most influential ideas have appeared in his numerous books, such as Human Well-Being and the Natural Environment (2001) and Economics: A Very Short Introduction (2007).
Dasgupta has in particular questioned the merits of judging national well-being by the standard of GDP, which is the monetary value of all the finished goods and services produced by a country in a given year. His work points out that while this provides an indication of economic activity, the wealth (and well-being) of a nation depends on its entire stock of assets – manufactured, human and natural. If, for example, a country mines its natural assets unsustainably, its GDP may go up, but its overall wealth may go down.
By regarding GDP as analogous to wealth and well-being, Dasgupta has suggested that many of the models that are used to assess the progress of countries rule out the social and environmental harm that economic growth may have caused. In fact, the true wealth per capita of these countries can often be shown to have fallen. By overlooking this, governments and other organisations have, he argues, persistently made flawed judgements about the future of those countries.
His research has also shown that poverty appears to be inextricably linked to the depletion of natural resources and biodiversity. “As an economist, I found that whatever problem I looked at, I was seeing it through that lens,” he said. “Whether I was trying to understand deep poverty in Malawi or the condition of a village in Bihar, I realized I was reading poverty in terms of the degradation of natural capital.”
Dasgupta suggests that this happens in various ways. At a basic level, poorer nations tend to rely on their own natural resources more than wealthier ones, and therefore feel their loss more keenly. Equally, however, the interdependence of an ecosystem’s parts may mean that the unsustainable mining of natural resources impacts on poor communities in particular – for instance, the destruction of upstream forests in a particular area may have a knock-on effect for farmers downstream whose work relies on those forests’ stabilisation of soil and water flow.
Ultimately, this has drawn him to the observation that the large scale picture of both poverty and the erosion of natural capital is one that comprises numerous micro-scale problems. “Understanding the way we as individuals treat nature as we go about our lives is the necessary first step to any resolution of the problems that we are facing,” he said.
A total of 129 candidates were nominated for this year’s Blue Planet Prize from fields including ecology, environmental economics and policy-making, and atmospheric and earth sciences. The awards ceremony will take place on October 14, 2015, at the Palace Hotel Tokyo, with commemorative lectures the following day.
- See more at: http://webstage.joh.cam.ac.uk/professor-sir-partha-dasgupta-receives-blue-planet-prize-work-sustainable-development#sthash.wz332kZR.dpuf Partha Dasgupta (Image credit: St John’s College / Jake Dyer)Professor Sir Partha Dasgupta, an economist and Fellow of St John’s, whose research focuses on questions of global poverty and the sustainable use of natural resources, has been awarded the 2015 Blue Planet Prize.
The prize, in two categories, is given annually to individuals or organisations for scientific work that has also helped to address global environmental problems. Professor Dasgupta is one of the two winners (for scientific discoveries); the other is Professor Jeffrey D. Sachs from Columbia University.
Over the course of several decades of research, Professor Dasgupta has introduced questions about our use of natural resources into broader economic reasoning. This has led to the re-evaluation of how governments and global organisations deal with poverty and measure wealth, challenging the use of standard tools of analysis such as Gross Domestic Product (GDP).
Professor Dasgupta said that he hoped the award would draw further attention to the fact that the improvement of humanity’s relationship with the environment requires action and solutions at a household level as well as on a global scale.
“Humanity’s engagement with nature is the most significant feature of our lives and in need of urgent repair and yet we mostly avoid addressing it,” he said. “The institution that is the Blue Planet Prize signals that sad fact annually and brings environmental problems, both in the large and in the small, to the world’s attention. It is understandable that global environmental problems attract public interest, but the ‘large’ is made of the myriad small issues. Ultimately, if humanity is to make peace with nature, the move will have to come from each one of us.”
Professor Dasgupta was born in 1942 in Dhaka, then in India, and studied Mathematics as a student at Cambridge before embarking on a research career in Economics. As well as a Fellow of St John’s he is Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, a Fellow of both the British Academy and the Royal Society, a Member of the Pontifical Academy of Social Sciences, and Foreign Member of the US National Academy of Sciences, the American Academy of Arts and Sciences, and the American Philosophical Society.
He is credited with having unified, within economic thought, the twin ideas that living standards should be maintained from one generation to the next, and that natural resources – or “natural capital” – should also be conserved. This has led him to formulate various ideas both about how Governments should ensure that natural capital such as forests, wetlands, fisheries, and wildlife is not jeopardised, and about how people should be made to pay for the exploitation of natural resources and compensated for their loss.
Many of his most influential ideas have appeared in his numerous books, such as Human Well-Being and the Natural Environment (2001) and Economics: A Very Short Introduction (2007).
Dasgupta has in particular questioned the merits of judging national well-being by the standard of GDP, which is the monetary value of all the finished goods and services produced by a country in a given year. His work points out that while this provides an indication of economic activity, the wealth (and well-being) of a nation depends on its entire stock of assets – manufactured, human and natural. If, for example, a country mines its natural assets unsustainably, its GDP may go up, but its overall wealth may go down.
By regarding GDP as analogous to wealth and well-being, Dasgupta has suggested that many of the models that are used to assess the progress of countries rule out the social and environmental harm that economic growth may have caused. In fact, the true wealth per capita of these countries can often be shown to have fallen. By overlooking this, governments and other organisations have, he argues, persistently made flawed judgements about the future of those countries.
His research has also shown that poverty appears to be inextricably linked to the depletion of natural resources and biodiversity. “As an economist, I found that whatever problem I looked at, I was seeing it through that lens,” he said. “Whether I was trying to understand deep poverty in Malawi or the condition of a village in Bihar, I realized I was reading poverty in terms of the degradation of natural capital.”
Dasgupta suggests that this happens in various ways. At a basic level, poorer nations tend to rely on their own natural resources more than wealthier ones, and therefore feel their loss more keenly. Equally, however, the interdependence of an ecosystem’s parts may mean that the unsustainable mining of natural resources impacts on poor communities in particular – for instance, the destruction of upstream forests in a particular area may have a knock-on effect for farmers downstream whose work relies on those forests’ stabilisation of soil and water flow.
Ultimately, this has drawn him to the observation that the large scale picture of both poverty and the erosion of natural capital is one that comprises numerous micro-scale problems. “Understanding the way we as individuals treat nature as we go about our lives is the necessary first step to any resolution of the problems that we are facing,” he said.
A total of 129 candidates were nominated for this year’s Blue Planet Prize from fields including ecology, environmental economics and policy-making, and atmospheric and earth sciences. The awards ceremony will take place on October 14, 2015, at the Palace Hotel Tokyo, with commemorative lectures the following day.
- See more at: http://webstage.joh.cam.ac.uk/professor-sir-partha-dasgupta-receives-blue-planet-prize-work-sustainable-development#sthash.wz332kZR.dpuf
About the Tyler Prize
The Tyler Prize for Environmental Achievement is one of the first international premier awards for environmental science, environmental health and energy.
It was established by the late John and Alice Tyler in 1973 and has been awarded annually to 70 individuals and four organisations associated with world-class environmental accomplishments. Recipients encompass the spectrum of environmental concerns, including environmental policy, health, air and water pollution, ecosystem disruption and loss of biodiversity, and energy resources. The Prize is awarded by the international Tyler Prize Executive Committee with the administrative support of the University of Southern California.
For more information on the Tyler Prize and its recipients, go to: http://www.tylerprize.usc.edu
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