February 23, 2011

Regents' Professor: V. Kerry Smith

Posted: Feb 23, 2011 | 4 min 14 sec

V. Kerry Smith, Regents' Professor in the Department of Economics, is one of the leading environmental economists in the world, particularly well known for his work on the valuation of environmental goods, the most fundamental issue in the field.

"His most fundamental research contribution is on the value of environmental goods," says Art Blakemore, chair of the department. "To give you context on that, economists have to monetize value in order to be able to analyze a situation. Environmental goods have no market value. No one owns the environment. So providing value is the most fundamental concept in environmental economics ... Coming to a consensus in economics as everyone knows is not that easy. He's probably brought more consensuses to this than anyone ever thought possible. "

This video is courtesy of Eight, Arizona PBS.

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