Small Is Beautiful

small is beautiful

Small Is Beautiful: Economics As If People Mattered is a collection of essays by British economist E. F. Schumacher. It is often used to champion small, appropriate technologies that are believed to empower people more, in contrast with phrases such as ‘bigger is better.’ First published in 1973, ‘Small Is Beautiful’ brought Schumacher’s critiques of Western economics to a wider audience during the 1973 energy crisis and emergence of globalization.

Schumacher argues that the modern economy is unsustainable. Natural resources (like fossil fuels), are treated as expendable income, when in fact they should be treated as capital, since they are not renewable, and thus subject to eventual depletion. He further argues that nature’s resistance to pollution is limited as well. He concludes that government effort must be concentrated on sustainable development.

Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.