Born in 1938 in Houston Texas to a working class family. Studied economics at Rice University, where he read Samuelson from cover to cover. [[Neo-Keynesians and the mathematization of economics]].
Began to question the reigning orthodoxy when he read John Kenneth Galbraith's 1958 book *The Aflfluent Society*. Galbraith asked if economic production can be defended "as satisfying wants if that production creates the wants."
Went to graduate school at Vanderbilt University, where he studied with [[Nicholas Georgescu-Rogen]].
Daly read Rachel Carson's *Silent Spring* when it came out in 1962, and realised that economics needed to reckon with nature.
In 1968, just before his thirtieth birthday, Daly published "Economics as a Life Science" in the presitigious *Journal of Political Economy*, published by the University of Chicago. This planted the seed of an ecological economics.
In 1977, he published *Steady State Economics*, which combined Nicholas Georgescu-Rogen's insights from thermodynamics with the moral reasoning of classical economics.
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Source: [[Reference Notes/The Progress Illusion]]