Partha Dasgupta Quotes

British economist (born 1942)

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Sir Partha Sarathi Dasgupta (born 17 November 1942) is a British ecological economist, and Professor Emeritus of Economics at the University of Cambridge, United Kingdom.

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Alternative Names: Partha Sarathi Dasgupta • Partha S. Dasgupta • Sir Partha Sarathi Dasgupta

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In the quantitative models that appear in leading economics journals and textbooks, nature is taken to be a fixed, indestructible factor of production. The problem with the assumption is that it is wrong: nature consists of degradable resources.

As proposals for estimating the social scarcity prices of natural resources remain contentious, economic accountants ignore them and governments remain wary of doing anything about them.