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People Lord Nicholas Stern

Member, Oxford Martin Commission

President, The British Academy; IG Patel Professor of Economics and Government, London School of Economics

Lord Stern is the President of the British Academy and IG Patel Professor of Economics and Government at the London School of Economics (LSE) where he heads the India Observatory within the LSE's Asia Research Centre. Since April 2008 he has been the Chairman of LSE’s new Grantham Research Institute on Climate Change and the Environment. He is also Special Adviser to the Group Chairman of HSBC on Economic Development and Climate Change.

From 2005-2007, he was adviser to the UK Government on the economics of climate change and development, reporting to the Prime Minister and the Chancellor of the Exchequer, and Head of the Stern Review on the Economics of Climate Change. He was also Head of the Government Economic Service, 2003-2007; Second Permanent Secretary to Her Majesty’s Treasury, 2003-2005; and, Director of Policy and Research for the Prime Minister’s Commission for Africa, 2004-2005. From 2000-2003 he was World Bank Chief Economist and Senior Vice President, Development Economics. From 1994 until late 1999 he was the Chief Economist and Special Counsellor to the President, European Bank for Reconstruction and Development. Before 1994 he was mostly in academic life: including 1986-1993 at LSE as the Sir John Hicks Chair in Economics.

Stern taught and researched at many places including Oxford and Warwick Universities, the Massachusetts Institute of Technology, the Ecole Polytechnique in Paris, the Indian Statistical Institute in Bangalore and Delhi, and the People’s University of China in Beijing. His research and publications have focused on the economics of climate change, economic development and growth, economic theory, tax reform, public policy and the role of the state and economies in transition. His first books were on tea in Kenya and the Green Revolution in India (where he lived for 8 months in a village in Northern India in 1974/75). He has written books on crime and the criminal statistics in the UK and a few on public finance and development.

His book Growth & Empowerment: Making Development Happen was published in April 2005 and the Stern Review on the Economics of Climate Change was published in October 2006. He has published more than 15 books and 100 articles including, A Blueprint for a Safer Planet (Random House, 2009). He has served on the committees of OXFAM, ODA, and the UN. He is a Fellow of the British Academy (July 1993), Foreign Honorary Membership of the American Academy of Arts and Sciences (1998). His education includes: a BA Cambridge (Mathematics), D.Phil Oxford (Economics) and Honorary Doctorates: from several universities, including Warwick, Cambridge and Paris-Dauphine. He is an Honorary Fellow, St Catherine’s College, Oxford, The Queen's College, Oxford and Peterhouse, Cambridge. He is a Visiting Fellow at Nuffield College, Oxford. He was knighted for 'services to economics' in June 2004; his cross-bench non-party political peerage was announced in October

Oxford Martin Commission

Oxford Martin Commission


Selected Publications

Media Coverage

Nov 2014
Innovation: Managing Risk, Not Avoiding It