Herman Daly


Herman Edward Daly is an American ecological and Georgist economist and emeritus professor at the School of Public Policy of University of Maryland, College Park in the United States. 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

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 environmental operations work in Latin America. He is closely associated with theories of a steady-state economy. 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, which they proposed as a more valid measure of socio-economic progress than gross domestic product.
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 Grawemeyer Award for Ideas Improving World Order, the Sophie Prize, 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.

''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, in 1980 and 1993. Writers and topics in the original 1973 edition included:

Books