Dasgupta has been honoured by elections as: Fellow of the Econometric Society (1975); Fellow of the British Academy (1989); Fellow of the Royal Society (2004); Fellow of the Society for the Advancement of Economic Theory, 2013; Member of the Pontifical Academy of Social Sciences (1997); Fellow of The World Academy of Sciences (formally the Academy of Science for the Developing World), 2001; Member of Academia Europaea (2009); Foreign Member of the Royal Swedish Academy of Sciences (1991); Foreign Honorary Member of the American Academy of Arts and Sciences (1991); Foreign Associate of the US National Academy of Sciences (2001); Foreign Member of the American Philosophical Society (2005); Foreign Member of Istituto Veneto di Scienze, Lettere ed Arti (2009); Honorary Fellow of the London School of Economics (1994); Honorary Fellow of Trinity College, Cambridge (2010); Honorary Member of the American Economic Association (1997); Distinguished Fellow, CES, University of Munich, 2011; and President of the Royal Economic Society (1998–2001), the European Economic Association (1999), Section F (Economics) of the BA (British Association for the Advancement of Science) Festival of Science (2006), and the European Association of Environmental and Resource Economists (2010–2011).