Herman Daly

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Herman Edward Daly
Born (1938-07-21) July 21, 1938 (age 84)
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[edit]

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[edit]

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[edit]


  • 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[edit]



  • 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.


See also: Beckerman, Wilfred (August 1994). "'Sustainable Development': Is it a useful concept?". Environmental Values. 3 (3): 191–209. doi:10.3197/096327194776679700.
See also: Nicholas Georgescu-Roegen, Robert Solow and Joseph Stiglitz.

See also[edit]


  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[edit]

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

External links[edit]