V. Kerry Smith
Feb. 17, 2011
“His research contribution, his most fundamental research contribution, is on the value of environmental goods. To give you context on that, economists have to monetize value in order to be able to analyze a situation. Environmental goods have no market value. No one owns the environment. So providing value is the most fundamental concept in environmental economics … Coming to a consensus in economics as everyone knows is not that easy. He’s probably brought more consensuses to this than anyone ever thought possible. “
Art Blakemore
Chair, Department of Economics
Regents' Professor
Department of Economics
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