Economists

Daly, Herman E.

August 26, 2010, 5:16 pm

Herman E. Daly (1938-), an American economist recognized as one of the founders of the field of ecological economics and as a critic of standard economic growth theory. Daly's worked centered on the relationship of the economy and the environment, and the relationship of the economy to ethics. In his proposal for a steady state economy, he argued that polices were needed to guide society towards a constant population, a constant material standard of living, and a equitable distribution of wealth. He applied classical concepts of capital and income to resources and the environment, the laws of thermodynamics, and the insights of ecology, particularly in relation to levels of flows of materials and energy through economic systems.

Daly took a doctorate in economics from Vanderbilt University in 1967, became an Associate Professor at Louisiana State University (LSU) in 1968 and a full professor there in 1973. In 1976 he was a recipient of the university's Distinguished Research Master Award. He was Alumni Professor of Economics at LSU from 1983 to '88. During his time at LSU Daly was also Visiting Professor of Economics at the University of Ceará, Brazil (1968), a research associate at Yale University (1969-70), Visiting Fellow at the Centre for Resources and Environmental Studies of the Australian National University (1980) and a Fulbright Senior Lecturer in Brazil (1983). From 1988 to '94, he was Senior Economist in the Environment Department of the World Bank, and since 1994 he has been Senior Research Scholar at the Scool of Public Affairs, University of Maryland.

Daly's books include Steady-State Economics (1977; 1991), Valuing the Earth (1993), Beyond Growth (1996), and Ecological Economics and the Ecology of Economics (1999). He is co-author with theologian John B. Cobb, Jr. of For the Common Good (1989; 1994), which received the Grawemeyer Award for ideas for improving World Order. He is a recipient of the Honorary Right Livelihood Award (Sweden's alternative to the Nobel Prize), the Heineken Prize for Environmental Science from the Royal Netherlands Academy of Arts and Sciences, and the Sophie Prize (Norway).

Further Reading
Herman E. Daly Profile (University of Maryland, School of Public Policy)
Herman Daly: The Developing Ideas Interview (International Institute of Sustainable Development)
Herman Daly’s Farewell Speech (Global Policy Forum)

Glossary

Citation

Cleveland, C. (2010). Daly, Herman E.. Retrieved from http://www.eoearth.org/view/article/51cbed5d7896bb431f691c32

0 Comments

To add a comment, please Log In.