Partha Dasgupta and Karl-Göran Mäler, 2002

2002_mflThe Prize Jury’s Citation:
The Volvo Environment Prize for 2002 is awarded to Partha Dasgupta and Karl-Göran Mäler, two economists of international distinction, who pioneered original and outstanding contributions to several strands of environmental and resource economics. Jointly they have worked on property rights, environmental protection, poverty, and the theory for demonstrating a sustainable path of economic development. Mäler´s main contributions include a theoretical basis for estimating social benefits from pollution control; developing general equilibrium theory to include the environment; providing in “the acid rain game” the basis for a major advance in addressing international environmental problems; and helping to lay the basis for proposals for reform of systems of national accounts. Dasgupta´s main contributions include his decisive work on the economics of exhaustible resources, his insights on their role in providing essential ecological services, and his pioneering efforts to better understand the processes of underdevelopment and poverty and their connections to the environment. Their seminal contributions have been of enormous consequence for understanding the relationships between development, environment and poverty and have translated into significant policy advances. The work of Partha Dasgupta and Karl-Göran Mäler mark them as outstanding, innovative social scientists of great vision and determination operating on the frontiers of environmental economics.

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