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Herman Daly
Herman Edward Daly (July 21, 1938 – October 28, 2022) was an American Ecological economics, ecological and Georgism#Georgism and environmental economics, Georgist economist and professor at the University of Maryland School of Public Policy, School of Public Policy of University of Maryland, College Park in the United States, best known for his time as a senior economist at the World Bank from 1988 to 1994. In 1996, he was awarded the Right Livelihood Award for "defining a path of ecological economics that integrates the key elements of ethics, quality of life, environment and community." Life and work Dale was born in Houston, Texas in 1938. Before joining the World Bank, Daly was a research associate at Yale University, and Alumni Professor of Economics at Louisiana State University. Daly was Senior Economist in the Environment Department of the World Bank, where he helped to develop policy guidelines related to sustainable development. While there, he was engaged in env ...
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Steady-state Economy
A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time. The term usually refers to the economy, national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the world economy, entire world. Early in the history of economic thought, classical economics, classical economist Adam Smith of the 18th century developed the concept of a ''stationary state'' of an economy: Smith believed that any national economy in the world would sooner or later settle in a final state of wikt:stationarity, stationarity. Since the 1970s, the concept of a steady-state economy has been associated mainly with the work of leading ecological economics, ecological economist Herman Daly. As Daly's concept of a ''steady-state'' includes the ecological analysis of natural resource flows through the economy, his concept d ...
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Nicholas Georgescu-Roegen
Nicholas Georgescu-Roegen (born Nicolae Georgescu, 4 February 1906 – 30 October 1994) was a Romanian mathematician, statistician and economist. He is best known today for his 1971 ''The Entropy Law and the Economic Process'', in which he argued that all natural resources are irreversibly degraded when put to use in economic activity. A progenitor and a paradigm founder in economics, Georgescu-Roegen's work was decisive for the establishing of ecological economics as an independent academic sub-discipline in economics. Several economists have hailed Georgescu-Roegen as a man who lived well ahead of his time, and some historians of economic thought have proclaimed the ingenuity of his work. In spite of such appreciation, Georgescu-Roegen was never awarded the Nobel Prize in Economics, although benefactors from his native Romania were lobbying for it on his behalf. After Georgescu-Roegen's death, his work was praised by a surviving friend of the highest rank: Prominent Keynesi ...
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Uneconomic Growth
Uneconomic growth is economic growth that reflects or creates a decline in the quality of life. The concept is used in human development theory, welfare theory, and ecological economics. It is usually attributed to ecological economist Herman Daly, though other theorists may also be credited for the incipient idea, According to Daly, "uneconomic growth occurs when increases in production come at an expense in resources and well-being that is worth more than the items made." The cost, or decline in well-being, associated with extended economic growth is argued to arise as a result of "the social and environmental sacrifices made necessary by that growing encroachment on the eco-system." Types of growth The rate or type of economic growth may have important consequences for the environment (the climate and natural capital of ecologies). Concerns about possible negative effects of growth on the environment and society have led some to advocate lower levels of growth, from which ...
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Ecological Economics (journal)
''Ecological Economics. The Transdisciplinary Journal of the International Society for Ecological Economics'' is a peer-reviewed academic journal published by Elsevier on behalf of the International Society for Ecological Economics. It covers research on ecological economics. The journal was established in 1989 by founding editor-in-chief Robert Costanza. The current editors-in-chief are Richard B. Howarth (Dartmouth College) and Stefan Baumgärtner (University of Freiburg). The journal is concerned with "extending and integrating the understanding of the interfaces and interplay between 'nature's household' (ecosystems) and 'humanity's household' (the economy)". The journal is transdisciplinary in spirit and emphasizes work that draws on and integrates insights from natural sciences, social sciences and the humanities. Related to economics, the journal includes contributions drawing on both neoclassical and a broad variety of heterodox In religion, heterodoxy (from Ancient G ...
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Sustainable Development
Sustainable development is an organizing principle for meeting human development goals while also sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. The desired result is a state of society where living conditions and resources are used to continue to meet human needs without undermining the integrity and stability of the natural system. Sustainable development was defined in the 1987 Brundtland Report as "Development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs".United Nations General Assembly (1987''Report of the World Commission on Environment and Development: Our Common Future'' Transmitted to the General Assembly as an Annex to document A/42/427 – Development and International Co-operation: Environment. As the concept of sustainable development developed, it has shifted its focus more towards the ec ...
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Natural Resources Forum
''Natural Resources Forum'' is a quarterly peer-reviewed academic journal published by Wiley-Blackwell on behalf of the Division of Sustainable Development in the United Nations Department of Economic and Social Affairs. The journal was established in 1976 and covers issues of sustainable development in developing countries. Specific topics of interest to this journal include agriculture, energy, globalization, and natural resources. According to the ''Journal Citation Reports'', the journal has a 2015 impact factor of 1.292, ranking it 66th out of 98 journals in the category "Environmental Studies" and 161 out of 216 journals in the category "Environmental science Environmental science is an interdisciplinary academic field that integrates physics, biology, and geography (including ecology, chemistry, plant science, zoology, mineralogy, oceanography, limnology, soil science, geology and physical geog ...s". (It is also the trading name of Natural Resource Events Limited, ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five major unincorporated territories, nine United States Minor Outlying Islands, Minor Outlying Islands, and 326 Indian reservations. The United States is also in Compact of Free Association, free association with three Oceania, Pacific Island Sovereign state, sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Palau, Republic of Palau. It is the world's List of countries and dependencies by area, third-largest country by both land and total area. It shares land borders Canada–United States border, with Canada to its north and Mexico–United States border, with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 m ...
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University Of Maryland School Of Public Policy
The Maryland School of Public Policy is one of 14 schools at the University of Maryland, College Park. The school is located inside the Capital Beltway and ranks 16th nationally for schools of public policy according to '' U.S. News & World Report'' (2012). History On October 26, 1978, University of Maryland President John S. Toll appointed the Committee on a School of Public Affairs to pursue the question of whether the College Park campus should establish a new school. With the support of the Sloan foundation and key individuals such as U.S. Senator Joseph Tydings and publisher Philip Merrill, the Maryland School of Public Affairs was established on the campus of the University of Maryland, College Park in 1981. By April 1981, Albert Bowker was appointed the first dean of the school and a group of faculty was recruited. The first seven faculty included Allen Schick, Robert Pastor, Catherine Kelleher, Frank Levy, Peyton Young, George Eads and Mark Winer. The school's doors ...
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Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ...
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Georgism
Georgism, also called in modern times Geoism, and known historically as the single tax movement, is an economic ideology holding that, although people should own the value they produce themselves, the economic rent derived from land—including from all natural resources, the commons, and urban locations—should belong equally to all members of society. Developed from the writings of American economist and social reformer Henry George, the Georgist paradigm seeks solutions to social and ecological problems, based on principles of land rights and public finance which attempt to integrate economic efficiency with social justice. Georgism is concerned with the distribution of economic rent caused by land ownership, natural monopolies, pollution rights, and control of the commons, including title of ownership for natural resources and other contrived privileges (e.g. intellectual property). Any natural resource which is inherently limited in supply can generate economic ...
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Sophie Prize
The Sophie Prize was an international environment and development prize ( USD 100,000) awarded annually from 1998 to 2013. It was established in 1997 by the Norwegian author Jostein Gaarder and his wife Siri Dannevig, and is named after Gaarder's novel ''Sophie's World''. It aimed to recognize individuals or organizations working with the environment and sustainable development. In 2013, representatives announced that the prize would not be awarded any longer due to a lack of funds. Prize winners * 1998: Environmental Rights Action, Nigeria * 1999: Herman Daly and Thomas Kocherry * 2000: Sheri Liao * 2001: ATTAC France * 2002: Patriarch Bartholomew I * 2003: John Pilger * 2004: Wangari Maathai * 2005: Sheila Watt-Cloutier * 2006: Romina Picolotti * 2007: Göran Persson * 2008: Gretchen Daily * 2009: Marina Silva, Brazil *2010: James Hansen
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