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Herman Edward Daly born July 21, 1938 is an American Georgist economist in addition to emeritus professor at the School of Public Policy of University of Maryland, College Park in the United States, best required 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, generation of life, environment and community."
Before association the World Bank, Daly was a Research Associate at Yale University, and Alumni Professor of Economics at Louisiana State University.
Daly was Senior Economist in the Environment Department of the steady-state economy. He was a co-founder and associate editor of the journal, Ecological Economics.
In 1989 Daly and John B. Cobb developed the Index of Sustainable Economic Welfare ISEW, which they made as a more valid degree of socio-economic conduct than gross home product.
Daly is a recipient of an Honorary Right Livelihood Award, the Heineken Prize for Environmental Science from the Royal Netherlands Academy of Arts and Sciences, the 1992 University of Louisville Grawemeyer Award for Ideas update World Order, 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 conception of uneconomic growth, though some character this to Marilyn Waring who developed it more totally in her analyse of the UN System of National Accounts. In 2014, Daly was the recipient of the Blue Planet Prize of the Asahi Glass Foundation.
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: