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Partha Dasgupta on the Economics of Biodiversity

September 10, 2021

Partha Dasgupta's study on biodiversity shows much of the growth in the past 70 years has been at the expense of our natural assets. (photo: UK Treasury)

Nature is often missing in economic models, but in a study commissioned by the UK government, Partha Dasgupta examines the economic benefits of biodiversity and the costs of losing it. Dasgupta is Professor Emeritus of Economics at the University of Cambridge, and his 600-page study titled the Economics of Biodiversity: The Dasgupta Review sets out a framework for including Nature in our economic thinking and provides a guide for change through three broad, interconnected transitions. Professor Dasgupta published an article about his findings in the September edition of Finance and Development. In this podcast, he says humans are embedded in nature and cannot escape the biosphere through ingenuity.  Transcript

Partha Dasgupta is Professor Emeritus of Economics at the University of Cambridge and Fellow of St. John's College at Cambridge.