David Pearce (economist)


David William Pearce OBE was Emeritus Professor at the Department of Economics at University College London and a pioneer of environmental economics.
He is known for setting out valuation techniques for natural phenomena, arguing that the environment is "under-priced" and that the benefit of environmental services may be calculated.
His early work was on cost-benefit analysis, and the economics of pollution and natural resource depletion, before these ideas entered the mainstream of the economic sciences and policymaking.
Pearce was the chief environmental adviser to government ministers Christopher Patten and Michael Heseltine, and a convening lead author of the Intergovernmental Panel on Climate Change.

Life and career

Pearce was born in Harrow, London and attended Harrow Weald county grammar school, now part of Harrow College. He graduated in Politics, Philosophy, and Economics from Lincoln College, Oxford and then studied economics at the London School of Economics. He went on to hold academic posts at the Universities of Lancaster, Southampton, Leicester, and Aberdeen before arriving at University College London as Professor of Political Economy, and later Economics. He retired in 2004.
Pearce married in 1966 and had two sons. He lived latterly in Saffron Walden, Essex.

Publications

His publications include:-

Honours