Steady State Economics 3 Herman Daly PGE 27

The reason I am seeking to keep Steady State Economics as a subject before you, as my audience, is that few other economic options subsume economics under the ecosystem. Rather other economic options subsume the ecosystem under the economy. In addition, most other economic options growth oriented economies and assume that the ecology can be saved while still growing the economy and this does not provide solution enough to address the stress every world economy is putting on our planet. If those monitoring the changes in our planet are correct, our time to make necessary and important changes is getting shorter. Awareness and implementation of a better economic option is vital!

In every field of thought and research there are the visionaries, pioneers, and trailblazers. In Steady State Economics that visionary/pioneer/trailblazer is Herman Daly!

Herman E. Daly is professor emeritus at the University of Maryland School of Public Policy. From 1988 to 1994 he was senior economist in the Environment Department of the World Bank. Prior to 1988 he was alumni professor of economics at Louisiana State University, where he taught economics for twenty years. He holds a BA from Rice University and a Ph.D. from Vanderbilt University. He has served as Ford Foundation Visiting Professor at the University of Ceará (Brazil), as a Research Associate at Yale University, as a Visiting Fellow at the Australian National University, and as a Senior Fulbright Lecturer in Brazil. He has served on the boards of directors of numerous environmental organizations, and was co-founder and associate editor of the journal Ecological Economics. His interest in economic development, population, resources, and environment has resulted in over a hundred articles in professional journals and anthologies, as well as numerous books, including Toward a Steady-State Economy (1973); Steady-State Economics (1977; 1991); Valuing the Earth(1993);  Beyond Growth (1996); Ecological Economics and the Ecology of Economics (1999); Ecological Economics: Theory and Applications (with J. Farley, 2003, 2011); Ecological Economics and Sustainable Development (2007); and From Uneconomic Growth to a Steady-State Economy (2014).

He is co-author with theologian John B. Cobb, Jr. of For the Common Good (1989 ;1994) which received the 1991 Grawemeyer Award for Ideas for Improving World Order. In 1996 he received Sweden’s Honorary Right Livelihood Award, and the Heineken Prize for Environmental Science awarded by the Royal Netherlands Academy of Arts and Sciences. In 1999 he was awarded the Sophie Prize (Norway) for contributions in the area of Environment and Development; in 2001 the Leontief Prize for contributions to economic thought, and in 2002 the Medal of the Presidency of the Italian Republic for his work in steady-state economics. In 2010 the National Council for Science and the Environment (USA) gave him its Lifetime Achievement Award. In 2014 he received the Blue Planet Prize awarded by the Asahi Glass Foundation of Japan.

The music for this episode is from a clip of a song called ‘Father Let Your Kingdom Come’ which is found on The Porter’s Gate Worship Project Work Songs album and is used by permission by The Porter’s Gate Worship Project. You can learn more about the album and the Worship Project at