Herman Daly: "Toward an Ecological Economics"
The Great Simplification with Nate Hagens
Nate Hagens
4.8 • 555 Ratings
🗓️ 2 February 2022
⏱️ 67 minutes
🧾️ Download transcript
Summary
On this episode, we meet with ecological economist and professor emeritus at the University of Maryland, Herman Daly.
Daly discusses the biophysical underpinnings of human economies, and how a social system that is more tethered to our ecological reality might come into being.
Daly explains how the transformation from classical economics to neoclassical economics created an understanding of the world that prioritized utility and money above all else. How did neoclassical economics contribute to our current predicament?
Further, Daly explores what he believes to be the best-case scenario humans face in the next decade.
About Herman Daly
Herman Daly is Professor Emeritus of economics at the University of Maryland School of Public Policy, former senior economist at the World Bank, and a founder of the field of ecological economics. He is the author of For The Common Good, Valuing the Earth, the textbook Ecological Economics, and many other books, essays, and academic papers
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/06-herman-daly
Transcript
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| 0:00.0 | You're listening to The Great Simplification with Nate Higgins. |
| 0:06.0 | That's me. |
| 0:07.0 | On this show, we try to explore and simplify what's happening with energy, the economy, the environment, and our society. |
| 0:17.0 | Together with scientists, experts, and leaders, this show is about understanding the |
| 0:22.6 | bird's eye view of how everything fits together, where we go from here and what we can |
| 0:28.1 | do about it as a society and as individuals. |
| 0:33.4 | Today's guest is my friend, an educational mentor, Herman Daly. |
| 0:38.5 | For many of my listeners, Herman will need no introduction. |
| 0:41.7 | He is an emeritus professor of economics at the University of Maryland, a former senior |
| 0:46.5 | economist at the World Bank, and one of the founders of the field of ecological economics. |
| 0:52.7 | Reading his book, Valuing the Earth, over 20 years ago, was one of |
| 0:56.6 | the key things that caused me to leave Wall Street and study natural resources in ecological |
| 1:01.5 | economics. Those who have been lucky enough to interact with Herman would probably all concur |
| 1:07.5 | that he brings wisdom and insight to a conversation, but he does it with a humility, |
| 1:13.0 | light, and grace that is becoming lost in the modern supernormal stimuli culture. Today, Herman and I |
| 1:20.4 | talk about the biophysical underpinnings of human economies and how a social system that is |
| 1:26.3 | more tethered to our ecological reality might come into being. |
| 1:30.7 | I hope you learn from and are inspired by my conversation with Herman Daly. |
| 1:48.1 | Hello, Herman. |
| 1:49.6 | Hello, Nate. |
| 1:51.2 | Good to see you again, sir. |
| 1:52.2 | It's a pleasure. |
... |
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