Herman Daly
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Herman Edward Daly (July 21, 1938 – October 28, 2022) was an American ecological and Georgist
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 ...
and professor at the School of Public Policy of
University of Maryland, College Park The University of Maryland, College Park (University of Maryland, UMD, or simply Maryland) is a public university, public Land-grant university, land-grant research university in College Park, Maryland, United States. Founded in 1856, UMD i ...
in the United States, best known for his time as a senior economist at the
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
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

Daly 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 Louisiana State University and Agricultural and Mechanical College, commonly referred to as Louisiana State University (LSU), is an American Public university, public Land-grant university, land-grant research university in Baton Rouge, Louis ...
. Daly was Senior Economist in the Environment Department of the
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
, where he helped to develop policy guidelines related to
sustainable development Sustainable development is an approach to growth and Human development (economics), human development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs.United Nations General ...
. While there, he was engaged in environmental operations work in Latin America. He is closely associated with theories of a
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 eco ...
. He was a co-founder and associate editor of the journal, '' Ecological Economics''. In 1989 Daly and John B. Cobb developed the Index of Sustainable Economic Welfare (ISEW), which they proposed as a more valid measure of socio-economic progress than
gross domestic product Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performanc ...
. Daly is a recipient of an Honorary Right Livelihood Award, the Heineken Prize for Environmental Science from the Royal Netherlands Academy of Arts and Sciences, the 1992
University of Louisville The University of Louisville (UofL) is a public university, public research university in Louisville, Kentucky, United States. It is part of the Kentucky state university system. Chartered in 1798 as the Jefferson Seminary, it became in the 19t ...
Grawemeyer Award for Ideas Improving World Order, the Sophie Prize (Norway), the Leontief Prize from the Global Development and Environment Institute, and was chosen as Man of the Year 2008 by '' Adbusters'' magazine. He is widely credited with having originated the idea of uneconomic growth, though some credit this to Marilyn Waring who developed it more completely in her study of the UN System of National Accounts. In 2014, Daly was the recipient of the Blue Planet Prize of the Asahi Glass Foundation. He died of a cerebral hemorrhage on October 28, 2022, at the age of 84.


''Toward a Steady-State Economy''

Daly was the editor of a long-lived and influential anthology, originally published in 1973 as ''Toward a Steady-State Economy'', and twice revised (under different titles; see bibliography), in 1980 and 1993. Writers and topics in the original 1973 edition included: *
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 Masterpiece, magnum opus ''The Entropy Law and the Economic Pr ...
on ''The Entropy Law and the Economic Process'' * Preston Cloud on mineral resources * Paul R. Ehrlich and John Holdren on population * Leon R. Kass on bioethics *
Kenneth E. Boulding Kenneth Ewart Boulding (; January 18, 1910 – March 18, 1993) was an English-born American economist, educator, peace activist, and interdisciplinary philosopher.David LatzkoKenneth E. Boulding Comments at personal.psu.edu. Accessed 24 April 20 ...
on the "Economics of the Coming Spaceship Earth" * Garrett Hardin's 1968 article, " The Tragedy of the Commons" * Daly on the steady-state economy * Warren A. Johnson on the guaranteed income as an environmental measure * Richard England and Barry Bluestone on ecology and social conflict * William Ophuls on political economy ("Leviathan or oblivion?") *
E. F. Schumacher Ernst Friedrich Schumacher (16 August 1911 – 4 September 1977) was a German-born British statistician and economist who is best known for his proposals for human-scale, decentralised and appropriate technologies.Biography on the inner dust ...
on ''
Small Is Beautiful ''Small Is Beautiful: A Study of Economics As If People Mattered'' is a collection of essays published in 1973 by German-born British economist E. F. Schumacher. The title "Small Is Beautiful" came from a principle espoused by Schumache ...
'' (title of his book, also published in 1973) * Walter A. Weisskopf on economic growth versus existential balance * Daly's essay, "Electric power, employment, and economic growth: a case study in growthmania" * Jørgen Randers and
Donella Meadows Donella Hager "Dana" Meadows (March 13, 1941 – February 20, 2001) was an American environmental scientist, educator, and writer. She is best known as lead author of the books '' The Limits to Growth'' and '' Thinking In Systems: A Primer''. ...
on the carrying capacity of the environment * John B. Cobb on "ecology, ethics, and theology" *
C.S. Lewis CS, C-S, C.S., Cs, cs, or cs. may refer to: Job titles * Chief Secretary (Hong Kong) * Chief superintendent, a rank in the British and several other police forces * Company secretary, a senior position in a private sector company or public se ...
on '' The Abolition of Man'' (an extract from his 1943 book of the same name)


Death

Daly died on October 28, 2022, at the age of 84.Der fundierteste Wachstumskritiker ist tot
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Selected publications


Books

* * Received the Grawemeyer Award for ideas for improving World Order. * *


Edited anthologies

* * Revised edition of 1973 anthology. * Revised edition of 1980 anthology.


Essays

* * *


Textbooks

* * *


Articles

* * * ::See also: * ::See also:
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 Masterpiece, magnum opus ''The Entropy Law and the Economic Pr ...
,
Robert Solow Robert Merton Solow, GCIH (; August 23, 1924 – December 21, 2023) was an American economist who received the 1987 Nobel Memorial Prize in Economic Sciences, and whose work on the theory of economic growth culminated in the exogenous growth ...
and Joseph Stiglitz. *

* Paper presented to the UK Sustainable Development Commissio

* *Herman Daly interviewed by David Marchese
'This Pioneering Economist Says Our Obsession With Growth Must End,'
New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...
17 July 2022


See also

* Ecological economics * * * , Daly's comment on the Pope's 2015 encyclical


References


Further reading


External links


Center for the Advancement of the Steady State Economy (CASSE)

The Daly News
steady state commentary and related news, with essays by Herman Daly

1999, on "uneconomic growth in theory and in fact"

{{DEFAULTSORT:Daly, Herman 1938 births 2022 deaths 20th-century American economists American sustainability advocates American systems scientists University of Maryland, College Park faculty Rice University alumni Vanderbilt University alumni Winners of the Heineken Prize Ecological economists Environmental economists Georgist economists People associated with criticism of economic growth Anti-consumerists