Small Is Beautiful
|Author||Ernst Friedrich Schumacher|
|Publisher||Blond & Briggs (1973-2010), HarperCollins (2010-present)|
|LC Class||HB171 .S384 1989|
Small Is Beautiful: A Study of Economics As If People Mattered is a collection of essays by German economist E. F. Schumacher. The phrase "Small Is Beautiful" came from a phrase by his teacher Leopold Kohr. 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. A further edition with commentaries was published in 1999.
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 and 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.
- Dr. Leopold Kohr, 84; Backed Smaller States, New York Times obituary, 28 February 1994.
- The Times Literary Supplement, October 6, 1995, p. 39
- 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