Hermann Daly

Hermann Daly is an influential economist known for his work in ecological economics, a field that merges environmental health with economic stability. He emphasizes the importance of sustainable development, advocating for a balanced relationship between human activity and the natural environment. Daly argues that the economy is a subsystem of the ecosystem, and that economic growth should not come at the expense of environmental degradation. He introduced concepts like the “steady-state economy,” which prioritizes sustainability over perpetual growth, aiming for a stable population and consumption level that can coexist with the planet's ecological limits.