Professor, Columbia Business School
Phone: (212) 854-6459
Heal was Managing Editor of the Review of Economic Studies, acted as an associate editor of many other journals, and published seventeen books and about two hundred articles. His books include Economic Theory and Exhaustible Resources, Public Policy and the Tax System, The Evolving International Economy, Oil and the International Economy, Topological Social Choice, The Economics of Increasing Returns, Environmental Markets, Valuing the Future, Nature and the Marketplace and When Principles Pay. He acted as Senior Vice Dean of Columbia Business School from 1991 to 1994 and is a Fellow of the Econometric Society and of the Association of Environmental and Resource Economists, of which he is a Past President and from which he received the 2003 Prize for a Publication of Enduring Quality.
Heal was a founder of a London-based economic consulting company and also of FITEL, a company providing computer-based services to the international securities industry. He has acted as a consultant to the British and American governments, to the World Bank and other international agencies, and to trade unions and major corporations. He is on the Board of Petromin Holdings PNG Ltd, the national oil gas and mineral company of Papua New Guinea.
Heal’s current research interests reach from financial markets, where he studies the role of derivatives and the securitization of catastrophic risks, to environmental conservation, where he studies the use of market-based incentives for conservation of forests and biodiversity. He is particularly interested in the interface between economics and ecology, and the extent to which profit-oriented companies can contribute to the solution of social and environmental problems. Heal’s latest books, Valuing the Future, Nature and the Marketplace and When Principles Pay attempt to develop an economic framework for thinking rigorously about sustainability and the issues for which it has become a metaphor.
- When Principles Pay (Videos)
Last Updated: Mar 13, 2008