Herman Edward Daly | |
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| Born | (1938-07-21)July 21, 1938 Houston, Texas, U.S. |
| Died | October 28, 2022(2022-10-28) (aged 84) Richmond, Virginia, U.S. |
| Spouse | Marcia Damasceno Daly |
| Academic background | |
| Education | Rice University Vanderbilt University |
| Influences | Thomas Robert Malthus,John Stuart Mill,Henry George,Irving Fisher,Nicholas Georgescu-Roegen,Kenneth E. Boulding |
| Academic work | |
| Discipline | Ecological economics |
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| Ecological economics |
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 Humanity's economic system viewed as a subsystem of the global environment |
Concepts
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Herman Edward Daly (July 21, 1938 – October 28, 2022) was an Americanecological andGeorgisteconomist[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."
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 1971, Daly was inspired by his professor, Nicholas Georgescu-Reogen, and promoted the Entropy Law and the Economic Process, which conceptualizes the economic process as consumption.[5]
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,[6] theHeineken Prize for Environmental Science from theRoyal Netherlands Academy of Arts and Sciences, the 1992University of LouisvilleGrawemeyer Award for Ideas Improving World Order,[7] 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.[8] In 2014, Daly was the recipient of theBlue Planet Prize[9] of the Asahi Glass Foundation. He died of a cerebral hemorrhage on October 28, 2022, at the age of 84.[3]
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:[10]
Daly died on October 28, 2022, at the age of 84.[11]
...I am really sort of a Georgist.
Rees, William, ed. (2013).Herman Daly Festschrift(ebook).Encyclopedia of Earth.
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