Biography

Dr. Daly came to the Maryland School of Public Affairs from the World Bank, where he was Senior Economist in the Environment Department, helping to develop policy guidelines related to sustainable development. While there, he was engaged in environmental operations work in Latin America. Before joining the World Bank, Daly was Alumni Professor of Economics at Louisiana State University. He is a 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 as well as numerous books, including Steady-State Economics (1977; 1991), Valuing the Earth (1993), Beyond Growth (1996), and Ecological Economics and the Ecology of Economics (1999). He is co-author with theologian John B. Cobb, Jr. of For the Common Good (1989; 1994) which received the Grawemeyer Award for ideas for improving World Order. He is a recipient of the Honorary Right Livelihood Award (Sweden’s alternative to the Nobel Prize), the Heineken Prize for Environmental Science from the Royal Netherlands Academy of Arts and Sciences and the Sophie Prize (Norway).

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Central Banks increasingly favor hyper Keynesianism: the quest to stimulate real growth by increasing monetary growth, first by low, then by zero, and now by negative interest rates. Why hasn’t it worked? Because real growth is constrained by real resource shortages, while hyper Keynesianism assumes unemployed resources. There is …

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How do you envision a successful economy without continuous growth? To answer that question, it helps to consider a prior question: how do you envision a successful planet earth without continuous growth? That is easy to envision because it exists. The earth as a whole does not grow in physical dimensions. Yet, it does change […]

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Robert Goodland was the first ecologist hired by the World Bank and worked hard for 30 years to improve that institution’s environmental and human rights practices. He was the first winner of the IUCN’s Harold Jefferson Coolidge medal for lifetime achievement in the conservation of nature. Robert was initially assigned to the task of screening …

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A steady-state economy is incompatible with continuous growth—either positive or negative growth. The goal of a steady state is to sustain a constant, sufficient stock of real wealth and people for a long time. A downward spiral of negative growth, a depression such as we are entering now, is a failed-growth economy, not a steady-state […]

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