Small Is Beautiful

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Small Is Beautiful  
SmallIsBeautiful1973.jpg
1973 Cover
Author E. F. Schumacher
Genre(s) Non-fiction
Publisher Blond & Briggs
Publication date 1973
Media type Hardcover
Pages 288 pages
ISBN 978-0060916305
OCLC Number 19514463
Dewey Decimal 330.1 20
LC Classification HB171 .S384 1989

Small Is Beautiful: Economics As If People Mattered is a collection of essays by British economist E. F. Schumacher. The phrase "Small Is Beautiful" came from a phrase by his teacher Leopold Kohr.[1] 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. The Times Literary Supplement ranked Small Is Beautiful among the 100 most influential books published since World War II.[2] A further edition with commentaries was published in 1999.[3]

Small Is Beautiful received the prestigious award Prix Européen de l'Essai Charles Veillon in 1976.

Contents

[edit] Author

Schumacher was a respected economist who worked with John Maynard Keynes and John Kenneth Galbraith. For twenty years he was the Chief Economic Advisor to the National Coal Board in the United Kingdom, opposed the neo-classical economics by declaring that single-minded concentration on output and technology was dehumanizing. He held that one's workplace should be dignified and meaningful first, efficient second, and that nature (and the world's natural resources) is priceless.

Schumacher proposed the idea of "smallness within bigness": a specific form of decentralization. For a large organization to work, according to Schumacher, it must behave like a related group of small organizations. Schumacher's work coincided with the growth of ecological concerns and with the birth of environmentalism and he became a hero to many in the environmental movement.

[edit] Content

The book is divided into four parts: "The Modern World," "Resources," "The Third World," and "Organization and Ownership."

In the first chapter, "The Problem of Production", 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, because relatively minor improvements, for example, technology transfer to Third World countries, will not solve the underlying problem of an unsustainable economy.

Schumacher's philosophy is one of "enoughness," appreciating both human needs, limitations and appropriate use of technology. It grew out of his study of village-based economics, which he later termed "Buddhist economics," which is the subject of the book's fourth chapter.

He faults conventional economic thinking for failing to consider the most appropriate scale for an activity, blasts notions that "growth is good," and that "bigger is better," and questions the appropriateness of using mass production in developing countries, promoting instead "production by the masses." Schumacher was one of the first economists to question the appropriateness of using GNP to measure human well being, emphasizing that "the aim ought to be to obtain the maximum amount of well being with the minimum amount of consumption."

[edit] Quotes

[edit] See also

[edit] References

  1. ^ Dr. Leopold Kohr, 84; Backed Smaller States, New York Times obituary, 28 February 1994.
  2. ^ The Times Literary Supplement, October 6, 1995, p. 39
  3. ^ Schumacher, E. F.; Small Is Beautiful: Economics As If People Mattered : 25 Years Later...With Commentaries (1999). Hartley & Marks Publishers ISBN 0-88179-169-5

[edit] External links

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