125. The need for ecological economics

Dr. Semmler is the Arnhold Professor of International Cooperation and Development at the New School in New York City, where he researches macroeconomics, the economics of climate change, and financial markets. Dr. Semmler is also a Fellow at Columbia University’s Center on Capitalism and Society, an institute that examines the shortcomings of orthodox economics and looks to understand the economy through a more realistic and complex lens. Willi has also taught at other universities such as the American University in Washington D.C., the University of Berlin, and the University of Bielefeld in Germany. He is the author of numerous journal articles and has written many books such as Asset Prices, Booms, and Recessions and Sustainable Macroeconomics, Climate Risks, and Energy Transitions. Dr. Semmler is a trustee and long-time member here at the Henry George School as well. He is an expert on all things macroeconomics, sustainability, and business cycles. Dr. Semmler studied at the University of Munich and Technical University in Germany and earned his PhD from the Free University of Berlin. Together we discussed why economics should begin considering the environment in its analysis, why environmental risks pose economic risks, and how the profit motive incentivizes conservation or degradation. To check out more of our content, including our research and policy tools, visit our website: https://www.hgsss.org/