Herman Daly Archives – Center for the Advancement of the Steady State Economy

Herman Daly Has the Floor

October 26, 2023/2 Comments/in Degrowth, Herman Daly, Postgrowth, Steady State Economy, Steady State Herald /by Alix Underwood

Editor’s Note: Saturday, October 28 marks the first anniversary of Herman Daly’s passing. The father of steady-state economics, Daly was CASSE’s economist emeritus and a long-time board member. We celebrate his clear and stimulating thought with three classic essays from Best of The Daly News.

Wealth, Illth, and Net Welfare

Well-being should be counted in net terms, that is to say we should consider not only the accumulated stock of wealth but also that of “illth;” and not only the annual flow of goods but also that of “bads.” The fact that we have to stretch English usage to find words like illth and bads to name the negative consequences of production that should be subtracted from the positive consequences is indicative of our having ignored the realities for which these words are the necessary names.

In Commemoration: A Sampling of Herman Daly

November 17, 2022/7 Comments/in Brian Czech, Herman Daly, Peace, Steady State Economy, Steady State Herald /by Brian Czech

by Herman Daly (posthumously) — Introduction by Brian Czech

Given the recent, tragic passing of Herman Daly, we allocate this week’s Steady State Herald to the wise words of Daly himself. From 2010-2018, Herman was a regular contributor to The Daly News, CASSE’s blog before the Herald was launched. (Herman’s modesty almost prevented us from naming the blog after him, but he was outnumbered by CASSE staff and board,

Herman Daly (1938-2022): Up to the Steady State Economy

November 3, 2022/28 Comments/in Brian Czech, Herman Daly, Steady State Economy, Steady State Herald /by Brian Czech

by Brian Czech

Herman Daly, the champion of steady-state economics, passed away in the presence of beloved family members on October 28, 2022. In the process, a world in dire need of Herman’s wisdom became a lesser place. Yet we can be grateful for the 84 years he graced the earth and for the legacy he’s left us.

An excellent festschrift edited by Joshua Farley, a sweeping biography by Peter Victor,

Terrestrial and Solar Resources in a Steady State Economy

June 11, 2020/4 Comments/in Economic Growth, Economic Policy, Energy, Environment, Herman Daly, Steady State Economy, Steady State Herald, Sustainability, Technology /by Brian Czech

by Herman Daly

Let us consider a different slant on the current discussion about the necessity versus sufficiency of renewable energy for a steady state economy at the present physical scale.

Pursuant to the pioneering economics of Nicholas Georgescu-Roegen (G-R), we recognize two sources of the low-entropy flow that sustains our lives: the solar and the terrestrial. They differ in their pattern of scarcity. The solar energy source is practically infinite in its stock dimension,

Sequence Matters

May 7, 2020/25 Comments/in Consumption, Economic Growth, Economic Policy, Energy, Environment, Herman Daly, Steady State Economy, Steady State Herald, Technology /by Brian Czech

by Herman Daly

The main message of the controversial documentary, Planet of the Humans, is that unrestrained economic and population growth should be the target of environmentalists’ efforts, not technological fixes. Techno-fixes can be helpful, but belong in second place. If put in first place they are often dangerous (e.g., nuclear power, green revolution, biomass fuel, space colonization, etc.). Technocrats enjoy usurping first place and are not humble about it.

Reply to Troy Vettese’s “Against Steady-State Economics” ¹

March 18, 2020/1 Comment/in Biodiversity, Climate Change, Consumption, Economic Growth, Economic Policy, Environment, Herman Daly, Politics, Steady State Economy, Steady State Herald /by Brian Czech

by Herman Daly

Steady staters are used to being attacked by right-wing neoliberals. Attacks from left-wing neo-Marxists are new and require a reply. To put the matter simply, Marxists hate capitalism, and they mistakenly assume that steady-state economics is inherently capitalist. Vettese is a Marxist; ergo, Vettese hates steady-state economics.

To spell this out, let’s begin by giving Marx due credit for emphasizing the reality of class exploitation under all heretofore existing economic systems,

Book Review: Falter by Bill McKibben

November 13, 2019/1 Comment/in Biodiversity, Climate Change, Herman Daly, Religion, Steady State Economy, Steady State Herald, Sustainability /by Brian Czech

By Herman Daly

Thanks to Bill McKibben, not just for his new book but for 30 years of honest, eloquent, and insightful environmental writing and activism.

He begins Falter by pointing out that “the human game we’ve been playing has no rules and no end, but it does come with two logical imperatives. The first is to keep it going, and the second is to keep it human.”

A Journey of No Return, Not a Circular Economy

April 23, 2019/9 Comments/in Consumption, Economic Growth, Energy, Environment, Food and Agriculture, Herman Daly, Jobs and Employment, Population, Poverty, Steady State Economy, Steady State Herald, Sustainability, Technology /by Brian Czech

By Herman Daly

The economic process is not a mechanical analog that can be run forward and backward, nor a circular process that can return to any previous state. Rather it is an irreversible and irrevocable process moving in the direction of time’s arrow of increasing entropy [1]. Finitude and entropy guarantee that the economic life of our species will be a journey of no return. Therefore even a stationary economy, in the classical sense of constant population and constant capital stock, is ultimately a journey of no return, because the metabolic throughput of matter and energy required to maintain constant stocks of people and physical capital, in the face of depreciation and death, is an entropic flow from ever less concentrated sources to ever filling sinks – and both sources and sinks are finite.

A Country of Immigrants

February 4, 2019/1 Comment/in Economic Policy, Herman Daly, Jobs and Employment, Population, Steady State Economy, Steady State Herald, Sustainability /by Brian Czech

By Herman Daly

Historically, the U.S. is undeniably a country of immigrants. But why is this uncontested fact so repeatedly emphasized? Might the unremitting celebration of immigration as a policy (as opposed to the celebration of particular immigrants as people) obscure a dark side of our immigration history?

The Poison Beer of GDP

October 3, 2018/1 Comment/in Consumption, Herman Daly, Steady State Herald /by Brian Czech

By Herman Daly

Disaggregating reported GDP growth to reveal the differences in growth by income class, as per the Schumer-Heinrich Bill, is a good idea. After all, telling us, say, that average income grew by 4% is not nearly as informative as telling us that the richest ten percent received the entire growth increment while the bottom ten percent suffered a decline in income.