Herman E. Daly

Named one of a hundred "visionaries who could change your life" by the Utne Reader, Herman Daly has probably been the most prominent advocate of the need for a change in economic thinking in response to environmental crisis. An iconoclast economis t who has worked as a renegade insider at the World Bank in recent years, Daly has argued for overturning some basic economic assumptions. He has won a wide and growing reputation among a wide array of environmentalists, inside and outside the academy. In a book that will generate controversy, Daly turns his attention to the major environmental debate surrounding "sustainable development." Daly argues that the idea of sustainable development--which has become a catchword of environmentalism and international finance--is being used in ways that are vacuous, certainly wrong, and probably dangerous. The necessary solutions turn out to be muc h more radical than people suppose. This is a crucial updating of a major economist's work, and mandatory reading for people engaged in the debates about the environment. "Daly is turning economics inside out by putting the earth and its diminishing natural resources at the center of the field . . . a kind of reverse Copernican revolution in economics." --Utne Reader

The Economics of Sustainable Development

Beyond Growth

Joshua Farley

This is an introductory textbook for an emerging paradigm that addresses the failure of conventional economics to reflect the value of clean air, water, species diversity and generational equity. It defines a revolutionary 'transdiscipline' that incorporates insights from the environmental sciences.

Principles And Applications

Ecological Economics

John Cobb

For the Common Good

Winner of the Grawemeyer Award for Ideas Improving World Order 1992, Named New Options Best Political Book Economist Herman Daly and theologian John Cobb, Jr., demonstrate how conventional economics and a growth-oriented industrial economy have led us to the brink of environmental disaster, and show the possibility of a different future. Named as one of the Top 50 Sustainability Books by University of Cambridges Programme for Sustainability Leadership and Greenleaf Publishing.

Redirecting the Economy toward Community, the Environment, and a Sustainable Future

For The Common Good

Kenneth N. Townsend

Valuing the Earth collects more than twenty classic and recent essays that broaden economic thinking by setting the economy in its proper ecological and ethical context. They vividly demonstrate that, contrary to current macroeconomic preoccupations, continued growth on a planet of finite resources cannot be physically or economically sustained and is morally undesirable. Among the issues addressed are population growth, resource use, pollution, theology (east and west), energy, and economic growth. Their common theme is the notion, popular with classical economists from Malthus to Mill, that an economic stationary state is more healthful to life on earth than unlimited growth. A number of essays in the first edition have become classics and have been retained for this edition, which adds six new essays. Contributors Kenneth E. Boulding, John Cobb, Herman E. Daly, Anne H. Ehrlich, Paul R. Ehrlich, Nicholas Georgescu-Roegen, Garrett Hardin, John P. Holdren, M. King Hubbert, C. S. Lewis, E. F. Schumacher, Gerald Alonzo Smith, T. H. Tietenberg, Kenneth N. Townsend

Economics, Ecology, Ethics

Valuing the Earth, second edition

In this controversial book Herman Daly, a leading commentator on the environment, offers lively criticism of existing work on ecological economics and the economics of ecology. The theme throughout the book is about changes in perspective, attitudes and policies required to avoid uneconomic growth - that is, the impoverishment that results when the environmental and social costs of growth exceed the benefits.Key issues addressed include: * growth economics* misunderstandings of thermodynamics* economic development and population* globalization * money* humans in the ecosystem.This major new book will be of interest to economists, ecologists, environmentalists, public policy scholars and activists as well as social philosophers.

Essays in Criticism

Ecological Economics and the Ecology of Economics

John B. Cobb

Clifford W. Cobb

Daly (economist, the World Bank) and Cobb (philosophy, Claremont Graduate School) expose the outmoded abstractions of mainstream economic theory. They conclude, in particular, that economic growth--the prevailing yardstick for measuring economic success--is no longer an appropriate goal as energy consumption, overpopulation, and pollution increase. Instead, they propose a new measure for the economy--the Index of Sustainable Economic Welfare. Annotation copyrighted by Book News, Inc., Portland, OR

Redirecting the Economy Toward Community, the Environment, and a Sustainable Future

In its first edition, this book helped to define the emerging field of ecological economics. This new edition surveys the field today. It incorporates all of the latest research findings and grounds economic inquiry in a more robust understanding of human needs and behavior. Humans and ecological systems, it argues, are inextricably bound together in complex and long-misunderstood ways. According to ecological economists, conventional economics does not reflect adequately the value of essential factors like clean air and water, species diversity, and social and generational equity. By excluding biophysical and social systems from their analyses, many conventional economists have overlooked problems of the increasing scale of human impacts and the inequitable distribution of resources. This introductory-level textbook is designed specifically to address this significant flaw in economic thought. The book describes a relatively new “transdiscipline” that incorporates insights from the biological, physical, and social sciences. It provides students with a foundation in traditional neoclassical economic thought, but places that foundation within an interdisciplinary framework that embraces the linkages among economic growth, environmental degradation, and social inequity. In doing so, it presents a revolutionary way of viewing the world. The second edition of Ecological Economics provides a clear, readable, and easy-to-understand overview of a field of study that continues to grow in importance. It remains the only stand-alone textbook that offers a complete explanation of theory and practice in the discipline.

Principles and Applications

Ecological Economics, Second Edition

This clear-thinking collection brings together 25 of Daly s essays, speeches, reviews and testimonials from the past decade. . . as a whole they provide a useful masterclass on the principles of ecological economics. Daly s vision, as well as his frustration with mainstream economists refusal to engage with his arguments, comes through loud and clear. New Scientist It s hard to imagine ecological economics without the numerous and profound contributions of Herman Daly. These papers reveal the consistency of his analysis and clarity of exposition that have made him one of the most influential economists of his generation. Because of Herman Daly we have a much better understanding of how economies relate to the environment, why so much is wrong with this relationship and what must be done to fix it. Peter Victor, York University, Canada This thrilling compilation outlines the origins of the young discipline of ecological economics by the intellectual leader of the movement, Herman Daly. He recounts how, as a member of the recently demoted environment department at the World Bank, he integrated ecology with economics during his six years in the bowels of the beast. Herman lucidly and compellingly combines common sense with profound understanding of both economics and ecology to arrive at sustainable solutions to the global problematique. Herman s rigorous yet compassionate solutions to climate change, peak oil, globalization vs. internationalization, poverty reduction, and the unsung concept of scale leading to uneconomic growth, are precisely what we need to prevent the current liquidation of our beautiful world. This book will galvanize you into the action we need so much. Robert Goodland, Environmental adviser, World Bank Group, 1978 2001 In this book, written in crystal clear style, Herman Daly reiterates the main points of his analysis and vision, he praises some teachers (John Ruskin, Frederick Soddy, Nicholas Georgescu-Roegen, Kenneth Boulding), he fearlessly attacks some adversaries in the World Bank and MIT, and he offers some advice to the government of his own country, to the Russian Duma, and especially to OPEC that, if followed, would change the world very much for the better. Finally, on a different line of thought, he interrogates conservation biologists on their reasons for wanting to keep biodiversity since, as biologists, they claim that evolution has no particular purpose. Why not let the Sixth Great Extinction run its course? In other words, science cannot provide an ethics of conservation, which Herman Daly finds in religion more than in democratization deliberations. Joan Martinez-Alier, Universitat Autonòma de Barcelona, Spain Ecological Economics and Sustainable Development comprises a carefully chosen selection of some 25 articles, speeches, congressional testimonies, reviews, and critiques from the last ten years of Herman Daly s ever-illuminating work. This book seeks to identify the blind spots and errors in standard growth economics, alongside the corrections that ecological economics offers to better guide us toward a sustainable economy one with deeper biophysical and ethical roots. Under the general heading of sustainability and ecological economics, many specific topics are here brought into relation with each other. These include: limits to growth; full-world versus empty-world economics; uneconomic growth; definitions of sustainability; peak oil; steady-state economics; allocation versus distribution versus scale issues; non-enclosure of rival goods and enclosure of non-rival goods; production functions and the laws of thermodynamics; OPEC and Kyoto; involuntary resettlement and development; resource versus value-added taxation; globalization versus internationalization; immigration; climate change; and the philosophical presuppositions of policy, including the policies suggested in connection with the topics above. This fascinating work will appeal to scholars and academics of ecol

Ecological Economics and Sustainable Development

Contains articles first published in journals in the 1980s and 1990s by a leading commentator on the environment, offering lively criticism of existing work on ecological economics and the economics of ecology. A theme of all the essays is that changes in perspective, attitudes, and policies are required to avoid the impoverishment that results when environmental and social costs of growth exceed benefits. Issues addressed include growth economics, misunderstandings of thermodynamics, economic development and population, globalization, money, and humans in the ecosystem. The author is a professor in the school of public affairs at the University of Maryland. Annotation copyrighted by Book News, Inc., Portland, OR

Herman E. Daly

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