Herman Daly

Herman Edward Daly (July 21, 1938 – October 28, 2022) was an Americanecological andGeorgist economist^[1] and professor at theSchool of Public Policy ofUniversity of Maryland, College Park in the United States, best known for his time as a senior economist at theWorld Bank from 1988 to 1994.^[2] In 1996, he was awarded theRight Livelihood Award for "defining a path ofecological economics that integrates the key elements of ethics, quality of life, environment and community."

Herman Edward Daly
Born	(1938-07-21)July 21, 1938 Houston, Texas, U.S.
Died	October 28, 2022(2022-10-28) (aged 84) Richmond, Virginia, U.S.
Education	Rice University Vanderbilt University
Spouse	Marcia Damasceno Daly

Academic career
Field	Ecological economics
Institutions	University of Maryland, College Park World Bank Yale University Louisiana State University
Influences	Thomas Robert Malthus,John Stuart Mill,Henry George,Irving Fisher,Nicholas Georgescu-Roegen,Kenneth E. Boulding
Contributions	Index of Sustainable Economic Welfare Steady-state economy Uneconomic growth
Awards	Blue Planet Prize Grawemeyer Award Heineken Prize ISEE Kenneth Boulding Award for Ecological Economics Leontief Prize Right Livelihood Award Sophie Prize

Life and work

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Daly was born in Houston, Texas in 1938.^[3] Before joining the World Bank, Daly was a research associate at Yale University,^[4] and Alumni Professor of Economics atLouisiana State University.

Daly was Senior Economist in the Environment Department of theWorld Bank, where he helped to develop policy guidelines related tosustainable development. While there, he was engaged in environmental operations work in Latin America. He is closely associated with theories of asteady-state economy. He was a co-founder and associate editor of the journal,Ecological Economics.^{[citation needed]}

In 1989 Daly andJohn B. Cobb developed theIndex of Sustainable Economic Welfare (ISEW), which they proposed as a more valid measure of socio-economic progress thangross domestic product.

Daly is a recipient of an HonoraryRight Livelihood Award,^[5] theHeineken Prize for Environmental Science from theRoyal Netherlands Academy of Arts and Sciences, the 1992University of Louisville Grawemeyer Award for Ideas Improving World Order,^[6] theSophie Prize (Norway), theLeontief Prize from theGlobal Development and Environment Institute, and was chosen as Man of the Year 2008 byAdbusters magazine. He is widely credited with having originated the idea ofuneconomic growth, though some credit this toMarilyn Waring who developed it more completely in her study of theUN System of National Accounts.^[7] In 2014, Daly was the recipient of theBlue Planet Prize^[8] of the Asahi Glass Foundation. He died of a cerebral hemorrhage on October 28, 2022, at the age of 84.^[3]

Toward a Steady-State Economy

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Daly was the editor of a long-lived and influential anthology, originally published in 1973 asToward 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:^[9]

Nicholas Georgescu-Roegen onThe Entropy Law and the Economic Process
Preston Cloud on mineral resources
Paul R. Ehrlich andJohn Holdren on population
Leon R. Kass on bioethics
Kenneth E. Boulding on the "Economics of the ComingSpaceship 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 andBarry Bluestone on ecology and social conflict
William Ophuls on political economy ("Leviathan or oblivion?")
E. F. Schumacher onSmall Is Beautiful (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 andDonella Meadows on the carrying capacity of the environment
John B. Cobb on "ecology, ethics, and theology"
C.S. Lewis onThe Abolition of Man (an extract from his 1943 book of the same name)

Death

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Daly died on October 28, 2022, at the age of 84.^[10]

Selected publications

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Books

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Daly, Herman E. (1991) [1977].Steady-State Economics (2nd ed.). Washington, DC: Island Press.ISBN 978-1-55963-071-9.
Daly, Herman E.;Cobb, John B. Jr (1994) [1989].For the Common Good: Redirecting the Economy toward Community, the Environment, and a Sustainable Future (2nd updated and expanded ed.). Boston: Beacon Press.ISBN 978-0-8070-4705-7. Received theGrawemeyer Award for ideas for improving World Order.
Daly, Herman E. (1996).Beyond Growth: The Economics of Sustainable Development. Boston: Beacon Press.ISBN 978-0-8070-4709-5.
Prugh, Thomas;Costanza, Robert; Daly, Herman E. (2000).The Local Politics of Global Sustainability. Washington, DC: Island Press.ISBN 978-1-55963-743-5.

Edited anthologies

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Daly, Herman E., ed. (1973).Toward a Steady-state Economy. San Francisco: W.H. Freeman.ISBN 978-0-7167-0793-6.
Daly, Herman E., ed. (1980).Economics, Ecology, Ethics: Essays Toward a Steady-State Economy. San Francisco: W.H. Freeman.ISBN 978-0-7167-1179-7. Revised edition of 1973 anthology.
Daly, Herman E.; Townsend, Kenneth, eds. (1993).Valuing the Earth: Economics, Ecology, Ethics. Cambridge, MA: MIT Press.ISBN 978-0-262-54068-1. Revised edition of 1980 anthology.

Essays

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Daly, Herman E. (2000).Ecological Economics and the Ecology of Economics: Essays in Criticism. Cheltenham, UK; Northampton, MA: Edward Elgar.ISBN 978-1-84064-109-7.
Daly, Herman E. (2007).Ecological Economics and Sustainable Development: Selected Essays of Herman Daly. Advances in Ecological Economics. Cheltenham, UK; Northampton, MA: Edward Elgar.ISBN 978-1-84720-988-7.
Daly, Herman E. (2014).From Uneconomic Growth to a Steady-State Economy(PDF). Advances in Ecological Economics. Cheltenham, UK; Northampton, MA: Edward Elgar.doi:10.4337/9781783479979.ISBN 978-1-78347-995-5.

Textbooks

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Daly, Herman E.; Farley, Joshua (2003).Ecological Economics: Principles and Applications (1st ed.). Washington, DC: Island Press.ISBN 978-1-55963-312-3.
Farley, Joshua; Erickson, Jon D.; Daly, Herman E. (2005).Ecological Economics: a Workbook for Problem-Based Learning. Washington, DC: Island Press.ISBN 978-1-55963-313-0.
Daly, Herman E.; Farley, Joshua (2010).Ecological Economics: Principles and Applications (2nd ed.). Washington, DC: Island Press.ISBN 978-1-59726-681-9.

Articles

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Daly, Herman E. (October 1978). "On thinking about energy in the future".Natural Resources Forum.3 (1):19–26.Bibcode:1978NRF.....3...19D.doi:10.1111/j.1477-8947.1978.tb00389.x.
Daly, Herman E. (1 November 1993). "The perils of free trade".Scientific American.269 (5).Nature Publishing Group:24–29.Bibcode:1993SciAm.269e..50D.doi:10.1038/scientificamerican1193-50.
Daly, Herman E.; Jacobs, Michael;Skolimowski, Henryk (February 1995). "Discussion of Wilfred Beckerman's critique of sustainable development".Environmental Values.4 (1):49–70.doi:10.3197/096327195776679583.

See also:Beckerman, Wilfred (August 1994). "'Sustainable Development': Is it a useful concept?".Environmental Values.3 (3):191–209.doi:10.3197/096327194776679700.