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Geoffrey Heal

Geoffrey Heal is the Paul Garrett Professor of Public Policy and Corporate Responsibility at the Columbia University Graduate School of Business in New York, and co-author of Economic Theory and Exhaustible Resources (Cambridge, 1980).

Nature and the Marketplace

Capturing The Value Of Ecosystem Services

In recent years, scientists have begun to focus on the idea that healthy, functioning ecosystems provide essential services to human populations, ranging from water purification to food and medicine to climate regulation. Lacking a healthy environment, these services would have to be provided through mechanical means, at a tremendous economic and social cost.
Nature and the Marketplace examines the controversial proposition that markets should be designed to capture the value of those services.