Duncan Foley and Lance Taylor Receive the Leontief Prize
On March 23, 2015, SCEPA Economists and New School Professors Duncan Foley and Lance Taylor received the 2015 Leontief Prize for their research in understanding the relationship between macroeconomics and environmental quality.
Their work makes up SCEPA's project on Sustainable Growth, generously sponsored by the Institute for New Economic Thinking (INET).
The Leontief Prize for Advancing the Frontiers of Economic Thought recognizes "outstanding contributions to economic theory that address contemporary realities and support just and sustainable societies," according to the Global Development And Environment Institute, which administers the award. "Our Institute's work has been much influenced, and has greatly benefited, by the ways in which Dr. Foley and Dr. Taylor have crossed the boundaries between economics and other disciplines to produce the kind of rigorous analytical work that the Leontief Prize was created to recognize," said GDAE Co-Director Neva Goodwin.
"Dr. Taylor's research has integrated relevant social relations into macroeconomic models, and is of critical importance for understanding present and future environmental realities and challenges. Dr. Foley's unique approach to combining research on political economy with advances in statistics and a broad grasp of the relevant data has produced a deeper appreciation of the policy consequences of economists' choices in theories and models."