Environmental economics is a sub-field of economics concerned with environmental issues. It has become a widely studied subject due to growing environmental concerns in the twenty-first century. Environmental economics "undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. ... Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming."
Kenneth Joseph Arrow was an American economist, mathematician and political theorist. He received the John Bates Clark Medal in 1957, and the Nobel Memorial Prize in Economic Sciences in 1972, along with John Hicks.
Ecological economics, bioeconomics, ecolonomy, eco-economics, or ecol-econ is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolution of human economies and natural ecosystems, both intertemporally and spatially. By treating the economy as a subsystem of Earth's larger ecosystem, and by emphasizing the preservation of natural capital, the field of ecological economics is differentiated from environmental economics, which is the mainstream economic analysis of the environment. One survey of German economists found that ecological and environmental economics are different schools of economic thought, with ecological economists emphasizing strong sustainability and rejecting the proposition that physical (human-made) capital can substitute for natural capital.
Sir James Alexander Mirrlees was a British economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in the 1997 Birthday Honours.
William Jack Baumol was an American economist. He was a professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, and Professor Emeritus at Princeton University. He was a prolific author of more than eighty books and several hundred journal articles. He is the namesake of the Baumol effect.
Herman Edward Daly was an American ecological and Georgist economist and professor at the School of Public Policy of University of Maryland, College Park in the United States, best known for his time as a senior economist at the World Bank from 1988 to 1994. In 1996, he was awarded the Right Livelihood Award for "defining a path of ecological economics that integrates the key elements of ethics, quality of life, environment and community."
Garrett James Hardin was an American ecologist and microbiologist. He focused his career on the issue of human overpopulation, and is best known for his exposition of the tragedy of the commons in a 1968 paper of the same title in Science, which called attention to "the damage that innocent actions by individuals can inflict on the environment". He is also known for Hardin's First Law of Human Ecology: "We can never do merely one thing. Any intrusion into nature has numerous effects, many of which are unpredictable."
Kenneth George "Ken" Binmore, is an English mathematician, economist, and game theorist, a Professor Emeritus of Economics at University College London (UCL) and a Visiting Emeritus Professor of Economics at the University of Bristol. As a founder of modern economic theory of bargaining, he made important contributions to the foundations of game theory, experimental economics, evolutionary game theory and analytical philosophy. He took up economics after holding the Chair of Mathematics at the London School of Economics. The switch has put him at the forefront of developments in game theory. His other interests include political and moral philosophy, decision theory, and statistics. He has written over 100 scholarly papers and 14 books.
Leonid Hurwicz was a Polish–American economist and mathematician, known for his work in game theory and mechanism design. He originated the concept of incentive compatibility, and showed how desired outcomes can be achieved by using incentive compatible mechanism design. Hurwicz shared the 2007 Nobel Memorial Prize in Economic Sciences for his seminal work on mechanism design. Hurwicz was one of the oldest Nobel Laureates, having received the prize at the age of 90.
Eric Stark Maskin is an American economist and mathematician. He was jointly awarded the 2007 Nobel Memorial Prize in Economic Sciences with Leonid Hurwicz and Roger Myerson "for having laid the foundations of mechanism design theory". He is the Adams University Professor and Professor of Economics and Mathematics at Harvard University.
Debraj Ray is an Indian-American economist, who is currently teaching and working at New York University. His research interests focus on development economics and game theory. Ray served as Co-editor of the American Economic Review between 2012 and 2020.
Daniel W. Bromley is an economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development. He has been editor of the journal Land Economics since 1974.
Amiya Kumar Dasgupta was an Indian economist who has been described as "one of the founding fathers of modern economics in India" and "a true pioneer in developmental economics". He was the father of economist Sir Partha Dasgupta.
Michael Scott Taylor is a Canadian economist, who studies the interaction between international trade and environmental outcomes. He is currently the Canada Research Chair in International, Energy and Environmental Economics at the University of Calgary, a research associate at the National Bureau of Economic Research, and a Fellow of the Beijer Institute of Ecological Economics. He is also the recipient of an honorary doctorate from the University of Basel (2010). In 2014, Scott Taylor was named fellow to the Royal Society of Canada (RSC).
Richard B. Norgaard is a professor emeritus of ecological economics in the Energy and Resources Group at the University of California, Berkeley, the first chair and a continuing member of the independent science board of CALFED, and a founding member and former president of the International Society for Ecological Economics. He received the Kenneth E. Boulding Memorial Award in 2006 for recognition of advancements in research combining social theory and the natural sciences. He is considered one of the founders of and a continuing leader in the field of ecological economics.
Jeroen Cornelis Johannes Maria van den Bergh is an environmental economist of Dutch origin. As of January 2015 he was ICREA Research Professor at Universitat Autònoma de Barcelona and deputy director for Research of its Institute of Environmental Science and Technology, and professor of Environmental and Resource Economics at VU University Amsterdam.
Kate Raworth is an English economist known for "doughnut economics", an economic model that balances between essential human needs and planetary boundaries. Raworth is senior associate at Oxford University’s Environmental Change Institute and a Professor of Practice at Amsterdam University of Applied Sciences.
Clive L. Spash is an ecological economist. He currently holds the Chair of Public Policy and Governance at Vienna University of Economics and Business, appointed in 2010. He is also Editor-in-Chief of the academic journal Environmental Values.
Karl-Göran Mäler was a Swedish economist.
The Department of Economics is an academic department of the University of Oxford within the Social Sciences Division. Relatively recently founded in 1999, the department is located in the Norman Foster-designed Manor Road Building.
