Journal Archive > 2002 > January

Leontief Prize

2 receive Leontief Prize

The Global Development and Environment Institute (G-DAE) awarded its second annual Leontief Prize to two pioneers in sustainable development during ceremonies November 13 in the Coolidge Room of Ballou Hall.

This year's honorees were Herman Daly, a leader in emphasizing the role of the natural environment as both a contributor to and a constraint on economic development, and Paul Streeten, whose work emphasizes the human element in economic development. Daly is professor of economics at the University of Maryland School of Public Affairs and a former senior economist for the World Bank. Streeten is professor emeritus at Boston University and a consultant to the United Nations Development Programme.

G-DAE recently published Volume 6 of its Frontier Issues in Economic Thought series, A Survey of Sustainable Development, which is dedicated to this year's prize-winners. As part of the presentation, Streeten and Daly spoke on "Reconciling the Economics of Social and Environmental Sustainability."

G-DAE established the Leontief Prize last year in memory of Wassily Leontief, a member of the group's external advisory board from 1993 until his death in 1999. The prize recognizes outstanding contributions to economic theory that address contemporary realities and support sustainable societies.

Leontief is best known for the single, powerful methodological advance that earned him a Nobel Prize in 1973ัthe invention of input-output analysis. He was deeply concerned that economics maintain a proper balance between theoretical and empirical analysis.

G-DAE is jointly administered by the Fletcher School of Law and Diplomacy and the Graduate School of Arts & Sciences.