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SIPA Faculty
Geoffrey M. Heal
Uris Hall, Room 616
Paul Garrett Professor of Public Policy and Business Responsibility
Phone: 212-854-6459
gmh1@columbia.edu
Biography:
Professor Heal joined Columbia University in 1983 as a professor of economics at the Columbia Business School. He has served as a senior vice dean of the business school (1991–94) and as an academic director of the executive MBA (1995–99). In 1995 he was named the Garret Professor of Public Policy and Business Responsibility.
Professor Heal's current research interests include modeling the impact of markets for derivative securities on the allocation of risks in the economy, modeling the pricing of derivatives in a general equilibrium framework, and studying ways of controlling the impact of economic activity on the environment and ways of valuing the economic services provided by environmental assets. His publications include Nature and the Marketplace (Island Press 2000); Environmental Markets (Columbia 2000); The Economics of Increasing Returns (Edward Elgar 1999); Valuing the Future: Economic Theory and Sustainability (Columbia 1998); Sustainability: Dynamics and Uncertainty (Kluwer Academic Publishers 1998); and many articles in various economic, political, and business publications.
In addition to his responsibilities at Columbia, Dr. Heal has acted as the managing editor of the Review of Economic Studies and has acted on the editorial boards of many other journals. In the 1970s he founded a London-based consulting firm, and in the 1980s he founded a firm providing systems for telecommunications and data processing to the international securities business. He is a member of the Pew Oceans Commission (www.pewoceans.org), a director of the Union of Concerned Scientists (www.ucsusa.org), and a fellow of the Econometric Society. Dr. Heal has advised the International Brotherhood of Teamsters and the United Mineworkers of America, and previously served as an adviser to the secretary-general of OPEC.
Professor Heal earned his first class honors BA from Churchill College, University of Cambridge from where he also received his PhD in 1968. From 1966 to 1967 he was a Flood fellow at University of California, Berkeley. From 1969 to 1973 he served as the director of dtudies in economics at Christ's College, Cambridge. From 1973 to 1980 he was a professor of economics at University of Sussex, followed by a three-year appointment as a professor of economics at the same university. He has been a visiting professor at Yale University, Stanford University, Université de Paris XII, Princeton University, University of Stockholm, Institute for Mathematics and Applications at University of Minnesota, University of Siena, and Université de Paris X Nanterre.
Research Interests: Environmental Economics, Environment, Risk