Herman Daly


Herman Edward Daly
Born (1938-07-21) July 21, 1938 (age 83)
Spouse(s)Marcia Damasceno Daly
FieldEcological economics
Alma materPhD from Vanderbilt University
InfluencesThomas Robert Malthus, John Stuart Mill, Henry George, Irving Fisher, Nicholas Georgescu-Roegen, Kenneth E. Boulding

Herman Edward Daly (born July 21, 1938) is an American ecological and Georgist economist[1] and emeritus professor at the School of Public Policy of University of Maryland, College Park in the United States, best known for his time as a senior economist at the World Bank from 1988 to 1994.[2] 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,[3] 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.[4]

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.

Daly is a recipient of an Honorary Right Livelihood Award,[5] 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,[6] 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.[7] In 2014, Daly was the recipient of the Blue Planet Prize[8] 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 (under different titles; see bibliography), in 1980 and 1993. Writers and topics in the original 1973 edition included:[9]

Selected publications


  • Daly, Herman E. (1991) [1977]. Steady-State Economics (2nd ed.). Washington, DC: Island Press. ISBN 978-1559630719.
  • 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 9780807047057. Received the Grawemeyer Award for ideas for improving World Order.
  • Daly, Herman E. (1996). Beyond Growth: The Economics of Sustainable Development. Boston: Beacon Press. ISBN 9780807047095.
  • Prugh, Thomas; Costanza, Robert; Daly, Herman E. (2000). The Local Politics of Global Sustainability. Washington, DC: Island Press. ISBN 978-1559637435.

Edited anthologies

  • Daly, Herman E., ed. (1973). Toward a Steady-state Economy. San Francisco: W.H. Freeman. ISBN 978-0716707936.
  • Daly, Herman E., ed. (1980). Economics, Ecology, Ethics: Essays Toward a Steady-State Economy. San Francisco: W.H. Freeman. ISBN 978-0716711797. Revised edition of 1973 anthology.
  • Daly, Herman E.; Townsend, Kenneth, eds. (1993). Valuing the Earth: Economics, Ecology, Ethics. Cambridge, MA: MIT Press. ISBN 978-0262540681. Revised edition of 1980 anthology.


  • Daly, Herman E. (2000). Ecological Economics and the Ecology of Economics: Essays in Criticism. Cheltenham, UK; Northampton, MA: Edward Elgar. ISBN 9781840641097.
  • 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 978-1847209887.
  • Daly, Herman E. (2014). From Uneconomic Growth to a Steady-State Economy. Advances in Ecological Economics. Cheltenham, UK; Northampton, MA: Edward Elgar. doi:10.4337/9781783479979. ISBN 9781783479955.


  • Daly, Herman E.; Farley, Joshua (2003). Ecological Economics: Principles and Applications (1st ed.). Washington, DC: Island Press. ISBN 9781559633123.
  • Farley, Joshua; Erickson, Jon D.; Daly, Herman E. (2005). Ecological Economics: a Workbook for Problem-Based Learning. Washington, DC: Island Press. ISBN 9781559633130.
  • Daly, Herman E.; Farley, Joshua (2010). Ecological Economics: Principles and Applications (2nd ed.). Washington, DC: Island Press. ISBN 9781597266819.


  • Daly, Herman E. (October 1978). "On thinking about energy in the future". Natural Resources Forum. 3 (1): 19–26. doi:10.1111/j.1477-8947.1978.tb00389.x.
  • Daly, Herman E. (1 November 1993). "The perils of free trade". Scientific American. Nature Publishing Group. 269 (5): 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.
  • Daly, Herman E. (September 1997). "Georgescu-Roegen versus Solow/Stiglitz". Ecological Economics. 22 (3): 261–266. doi:10.1016/S0921-8009(97)00080-3.
See also: Nicholas Georgescu-Roegen, Robert Solow and Joseph Stiglitz.
  • Daly, Herman E. (September 2005). "Economics in a full world". Scientific American. Nature Publishing Group. 293 (3): 100–107. Bibcode:2005SciAm.293c.100D. doi:10.1038/scientificamerican0905-100. PMID 16121860. S2CID 13441670. [1]
  • Daly, Herman E. (24 April 2008). A steady state economy. Archived from the original on 18 July 2011. Paper presented to the UK Sustainable Development Commission [2]
  • Daly, Herman E. (June 2015). "Economics for a Full World". Great Transition Initiative.

See also


  1. ^ Daly, Herman. "Smart Talk: Herman Daly on what's beyond GNP Growth". Henry George School of Social Science. Archived from the original on 2021-12-12. Retrieved 24 October 2015. ...I am really sort of a Georgist.
  2. ^ Donella, Meadows. "A Farewell Address by the World Bank's Most Outrageous Economist". Academy for Systems Change. Retrieved 6 March 2021.
  3. ^ Daly, Herman E. (October 1978). "On thinking about energy in the future". Natural Resources Forum. 3 (1): 19–26. doi:10.1111/j.1477-8947.1978.tb00389.x.
  4. ^ "About". Ecological Economics. ScienceDirect.
  5. ^ Herman Daly (USA) Archived 2009-07-08 at the Wayback Machine
  6. ^ "1992- Samuel Huntington, Herman Daly and John Cobb". Archived from the original on 2013-12-02.
  7. ^ Waring, M. 1988. Counting for Nothing: What Men Value and What Women are Worth. Reprinted in 1996 by Bridget Williams Books.
  8. ^ Blue Planet Prize - Laureate 2014
  9. ^ Toward a steady-state economy - Details. OCLC. OCLC 524050.

Further reading

Rees, William, ed. (2013). Herman Daly Festschrift (ebook). Encyclopedia of Earth.

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
  • First annual Feasta lecture, 1999, on "uneconomic growth in theory and in fact"
  • Steady-State Economics
  • Electric Politics interview (podcast)