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Portrait of Herman E. Daly

Herman E. Daly

(1938–2022) Economist

16 quotes in 145 categories

Herman E. Daly was an economist, best known for Energy, economics, and the environment.

Quick Facts About Herman E. Daly

Born: July 21, 1938
Died: October 28, 2022
Profession: Economist
Notable works: Energy, economics, and the environment

About Herman E. Daly

Herman Edward Daly was an American ecological and Georgist economist and 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. 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."

Biography source: Wikipedia

Quotes by Herman E. Daly

The individualism of current economic theory is manifest in the purely self-interested behaviour it generally assumes. It has no real place for…

Assuming

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Nonrenewable resources should be exploited, but at a rate equal to the creation of renewable substitutes.

Creation

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If nonsatiety were the natural state of human nature then aggressive want-stimulating advertising would not be necessary, nor would the barrage of…

Advertising

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The laws of thermodynamics restrict all technologies, man's as well as nature's, and apply to all economic systems whether capitalist, communist, socialist,…

Amount

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Malthus has been buried many times, and Malthusian scarcity with him. But as Garrett Hardin remarked, anyone who has to be reburied…

Buried

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There is something fundamentally wrong in treating the Earth as if it were a business in liquidation.

Business

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Growth chestnuts have to be placed on the unyielding anvil of biophysical realities and then crushed with the hammer of moral argument.

Anvils

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But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and…

Cost

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Even if we could grow our way out of the crisis and delay the inevitable and painful reconciliation of virtual and real…

Benefits

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While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.

Feet

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The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide.

Consumption

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Presumably, technology has made man increasingly independent of his environment. But, in fact, technology has merely substituted nonrenewable resources for renewables, which…

Decrease

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Environmental degradation is an iatrogenic disease induced by economic physicians who treat the basic malady of unlimited wants by prescribing unlimited growth....…

Cures

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Reproduction is more pleasurable than death.

Death

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We need an economics fit for purpose in a finite and entropic world.

Economics

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The economy is a wholly owned subsidiary of the environment, not the reverse.

Economics

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