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Geoffrey Heal

Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise
Donald C. Waite III Professor of Social Enterprise
Economics Division
Bernstein Faculty Leader
Sanford C. Bernstein & Co. Center for Leadership and Ethics
Decisionmaking & Negotiations Faculty
Areas of Expertise
Climate Corporate Governance Microeconomics
Contact
Office: 582 Kravis
Phone: (212) 8546459
E-mail: [email protected]
Links
Personal Website

Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise at Columbia Business School, is noted for contributions to economic theory and resource and environmental economics. He holds bachelors (first class), masters and doctoral degrees from Cambridge University, where he studied at Churchill College and taught at Christ’s College. He has also taught at Sussex, Essex, Yale, Stanford, École Polytechnique, Stockholm and Princeton. He holds an Honorary Doctorate from the Universite´ de Paris Dauphine.

Author of eighteen books and about two hundred articles, Professor Heal is a Fellow of the Econometric Society, past Managing Editor of the Review of Economic Studies, Past President of the Association of Environmental and Resource Economists, recipient of its prize for publications of enduring quality and a Life Fellow, recipient of the 2013 Best Publication Prize of the European Association of Environmental and Resource Economists, a Director of the Union of Concerned Scientists and a founder and Director and chairman of the Board of the Coalition for Rainforest Nations, developers of the REDD policy for reducing deforestation by awarding carbon credits for forest conservation. Recent books include Nature and the Marketplace, Valuing the Future, When Principles Pay and Whole Earth Economics (forthcoming).

Professor Heal chaired a committee of the National Academy of Sciences on valuing ecosystem services, was a Commissioner of the Pew Oceans Commission, was a coordinating lead author of the IPCC’s Fifth Assessment Report, was a member of President Sarkozy’s Commission on the Meaurement of Economic Performance and Social Progress, was a member of the advisory board for the World Bank’s 2010 World Development Report and the United Nations Environment Program’s 2011 Human Development Report, and acts as an advisor to the World Bank on its Green Growth project. He is also a Director of Public Business, a foundation that promotes in-depth public interest journalism and a member of the Advisory Board of Green Seal.

He has been a principal in two start-up companies, a consulting firm and a software and telecommunications company, and until recently was a member of the Investment Committee of a green private equity group. He teaches MBA courses on “Current Developments in Energy Markets,” “Business and Society: Doing Well by Doing Good?” and “The Business of Sustainability,” teaches a doctoral course on advanced microeconomic theory, and advises doctoral students interested in sustainability.

Education
BA, Cambridge University, 1966; MA, 1968; PhD, 1968
Joined CBS
1983

All Activities

  • Research
  • Teaching
  • Awards and Honors
  • Press
  • Journal articles
  • Working papers
  • Articles
  • Books
  • Chapters
Type
Journal Article
Heal, Geoffrey
. “Reflections–What Would It Take to Reduce U.S. Greenhouse Gas Emissions 80 Percent by 2050?”
Review of Environmental Economics and Policy
vol.
11
, (January 01, 2017):
319
-
335
.
Read More about Reflections–What Would It Take to Reduce U.S. Greenhouse Gas Emissions 80 Percent by 2050?
Type
Journal Article
Gong, Min, Geoffrey Heal, David Krantz, Howard Kunreuther, and Elke Weber
. “The role of subsidies in coordination games with interconnected risk.”
Journal of Behavioral Decision Making
vol.
27
, (December 01, 2014):
395
-
407
.
Read More about The role of subsidies in coordination games with interconnected risk
Type
Journal Article
Heal, Geoffrey and Howard Kunreuther
. “Social Reinforcement: Cascades, Entrapment and Tipping.”
American Economic Journals: Microeconomics
vol.
2
, (February 01, 2010):
86
-
99
.
Read More about Social Reinforcement: Cascades, Entrapment and Tipping
Download PDF on Social Reinforcement: Cascades, Entrapment and Tipping
Type
Journal Article
Heal, Geoffrey
. “Corporate Social Responsibility? An Economic and Financial Framework.”
Geneva Papers on Risk and Insurance: Issues and Practice
vol.
30
, (July 01, 2005):
387
-
409
.
Read More about Corporate Social Responsibility? An Economic and Financial Framework
Download PDF on Corporate Social Responsibility? An Economic and Financial Framework
Type
Journal Article
Heal, Geoffrey, Kenneth Arrow, Partha Dasgupta, Lawrence Goulder, Gretchen Daily, Paul Ehrlich, Simon Levin, Karl-Goran Maler, Stephen Schneider, David Starrett, and Brian Walker
. “Are We Consuming Too Much?”
Journal of Economic Perspectives
vol.
18
, (January 01, 2004):
147
-
72
.
Read More about Are We Consuming Too Much?
Download PDF on Are We Consuming Too Much?
Type
Working Paper
Heal, Geoffrey, Antony Milner, and Simon Dietz
. Ambiguity and Climate Policy. February 17, 2011.
Read More about Ambiguity and Climate Policy
Download PDF on Ambiguity and Climate Policy
Type
Working Paper
Heal, Geoffrey, Min Gong, Howard Kunreuther, David Krantz, and Elke Weber
. Facilitating Pareto-Optimal Coordination by Subsidies in Deterministic and Stochastic Payoff Settings. January 16, 2011.
Read More about Facilitating Pareto-Optimal Coordination by Subsidies in Deterministic and Stochastic Payoff Settings
Download PDF on Facilitating Pareto-Optimal Coordination by Subsidies in Deterministic and Stochastic Payoff Settings
Type
Working Paper
Heal, Geoffrey and Howard Kunreuther
. You Only Die Once: Managing Discrete Interdependent Risks. August 01, 2003.
Read More about You Only Die Once: Managing Discrete Interdependent Risks
Download PDF on You Only Die Once: Managing Discrete Interdependent Risks
Type
Working Paper
Kunreuther, Howard, Geoffrey Heal, and Peter Orszag
. Interdependent Security: Implications for Homeland Security Policy and Other Areas. October 01, 2002.
Read More about Interdependent Security: Implications for Homeland Security Policy and Other Areas
Download PDF on Interdependent Security: Implications for Homeland Security Policy and Other Areas
Type
Working Paper
Kunreuther, Howard, Geoffrey Heal, and Peter Orszag
. Interdependent Security: Implications for Homeland Security Policy and Other Areas. October 01, 2002.
Read More about Interdependent Security: Implications for Homeland Security Policy and Other Areas
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Type
Working Paper
Heal, Geoffrey
. Uncertainty and Climate Change. March 01, 2002.
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Type
Working Paper
Heal, Geoffrey and Bengt Kristrom
. Climate Change and Uncertainty. February 01, 2002.
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Type
Working Paper
Heal, Geoffrey
. Bundling Public and Private Goods. July 01, 2001.
Read More about Bundling Public and Private Goods
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Type
Newspaper/Magazine Article
Heal, Geoffrey and Howard Kunreuther
. “In a networked world, no longer controlling our own destinies.”
The Washington Post
. December 29, 2010.
Read More about In a networked world, no longer controlling our own destinies
Download PDF on In a networked world, no longer controlling our own destinies
Type
Newspaper/Magazine Article
Heal, Geoffrey and Kevin Conrad
. “A Solution to Climate Change in the World's Rainforests.”
Financial Times
. November 29, 2005.
Read More about A Solution to Climate Change in the World's Rainforests
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Type
Book
Heal, Geoffrey
. Is Economic Growth Sustainable? 
London
:
International Economic Association/Palgrave Macmillan
, 2010.
Read More about Is Economic Growth Sustainable?
Type
Book
Heal, Geoffrey
. When Principles Pay: Corporate Social Responsibility and the Bottom Line. 
New York
:
Columbia University Press
, 2008.
Read More about When Principles Pay: Corporate Social Responsibility and the Bottom Line
Type
Chapter
Ang, Andrew, Ann Bartel, Patrick Bolton, Wouter Dessein, Franklin Edwards, Lawrence Glosten, Geoffrey Heal, Gur Huberman, Charles Jones, Christopher Mayer, Frederic Mishkin, Eli Noam, Andrea Prat, Jonah Rockoff, Lynne Sagalyn, Stephen Zeldes, and Brian Thomas
. “1. Finance and Economics.” In
Columbia Business School
,
1
-
28
.
Columbia University Press
, 2016.
Read More about 1. Finance and Economics
Type
Chapter
Heal, Geoffrey and Howard Kunreuther
. “Tipping Climate Negotiations.” In
Climate Change and Common Sense: Essays in Honour of Tom Schelling
, edited by
Robert Hahn and Alastair Ulph
,
Oxford
:
Oxford University Press
, 2012.
Read More about Tipping Climate Negotiations
Download PDF on Tipping Climate Negotiations
Type
Chapter
Heal, Geoffrey
. “What Have We Learned About Development Economics?” In
Annual Bank Conference on Development Economics Papers and Proceedings 2010
,
Washington, D.C.
:
The World Bank
, 2010.
Read More about What Have We Learned About Development Economics?
Download PDF on What Have We Learned About Development Economics?
Type
Chapter
Heal, Geoffrey
. “Corporate Environmentalism: Doing Well by Being Green.” In
Is Economic Growth Sustainable?
, edited by
Geoffrey Heal
,
248
-
262
.
London
:
International Economic Association/Palgrave Macmillan
, 2010.
Read More about Corporate Environmentalism: Doing Well by Being Green
Download PDF on Corporate Environmentalism: Doing Well by Being Green
  • Courses
  • Case Studies
Type
Course
B9208: (PhD) Economic Analysis II
View Course on (PhD) Economic Analysis II
Type
Course
B9206: (PhD) Economic Analysis
View Course on (PhD) Economic Analysis
Type
Course
B8201: Climate Change and the Energy Transition
View Course on Climate Change and the Energy Transition
  • Awards & Honors
  • In the Media
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  • Press Releases
Type
In the Media

Activists Crashed Exxon's Board, but Forcing Change Will Be Hard

The New York Times
Type
In the Media

Airfares Skyrocketed When Borders Re-Opened; How Long Will this Last?

Fortune
Type
In the Media

Americans Stay Away from Great Outdoors Amid Rising Petrol Costs

The Financial Times
Type
In the Media

Are We Headed for a World Without Oil?

Medium
Type
In the Media

Biden's Economic To-Do List

The Wall Street Journal
Type
In the Media

Could There Be An "Organic" Label for a Product's Climate Impact?

CBS News
Type
In the Media

E-commerce Is on a Collision Course with Climate Change

Quartz
Type
In the Media

How to Cut the ESG Disclosure Overload

Breakingviews
Type
In the Media

Small Fashion Brands Battle the Costs of Brexit

Vogue Business
Type
In the Media

State Coalitions Are Mostly Talk as U.S. Virus Cases Set to Soar

Crain's New York Business
Type
In the Media

With U.S. Virus Cases Set to Soar, State Coalitions Are Mostly Talk

Bloomberg News
Type
In the Media

COMMENT - Which Way Will the Energy Prices Go?

MoneyControl
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