Herman daly ecological economics impact

Herman daly ecological economics impact: Herman Daly, who died in

This is an important book. It brings insights into the life and ideas of Herman Daly, but also it reveals with clarity how much Daly has done, over many decades, to build the foundations and credentials of ecological economics. Peter Victor notes that as Daly developed his ideas, he sought input and critical comment. He engaged in debates on many key issues with several economists of note.

His influence is demonstrable as he challenged many aspects of neoclassical economics and also outlined an articulate vision of what a sustainable economy could be. Daly has probed and examined many controversial issues such as: curbing population growth, reducing the through-put of materials over production and discouraging over consumption, while addressing inequality by regulating minimum and maximum income levels.

Herman Daly ventured where others feared to tread since he questioned the accepted economic orthodoxy. Peter Victor is an ecological economist himself. As Victor notes:. However, these awards did not find the recognition such achievements merited within his own academic discipline. Indeed, his economic ideas were a clear challenge to those embracing mainstream neoclassical norms which Daly questioned.