“The biggest concern for the world should be valuing in nature the ecosystems it’s using”

After receiving the 16th BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management, Partha Dasgupta reflects on the need to integrate nature into economic models. He explains how his approach redefines the concept of wealth by incorporating natural capital and ecosystem services, and examines why rethinking economics is essential to ensuring the well-being of future generations.

The BBVA Foundation Frontiers of Knowledge Awards in Economics, Finance and Management has gone in this sixteenth edition to Partha Dasgupta for laying the foundations of environmental economics through his pioneering work “on the interaction between economic life and the natural environment, including biodiversity.