Econommics Small Is Beautiful

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Book: Small is Beautiful by EF Schumacher

Summary of Small is Beautiful: Small is beautiful was published in 1973 it main message was to include people in economics. Schumacher looks at our economics system and criticises it. He describes how humans’ impacts economics and it’s not always in a good way. His aim was to warn us about how our use of resources is impacting our environment in a very dangerous away. Also Schumacher didn’t agree with the statement the bigger the better instead he said “Man is small and therefore small is beautiful” (pg131). In his eyes the bigger a company or country growth was the bigger the problems and more likely it would self-destruct. He found that it was better to be small and it was more efficient and free.

The Author: EF Schumacher
To truly understand Small is Beautiful one must look at EF Schumacher’s background. EF Schumacher was born on the August 16th 1911 in Bonn, Germany and died on September 4th 1977. He was and still is one of the most influential economists in Britain. He studied in Bonn, Berlin, Oxford and Columbia University on New York City to obtain his diploma in economics .Schumacher moved to England where he helped the government financially during the Second World War. He also taught in Oxford, a position found by his friend John Maynard Keynes. After the War he was appointed Chief Economic Advisor to the National Coal Board and it is here where he developed the idea that the world sees non-renewable resources as income not capital. In 1955 Schumacher went to Burma as an economic consultant where he developed the idea of Buddhist Economics. He was deeply influenced by his friend and fellow people’s economist Mahatma Gandhi. He was also interested in religion especially Catholicism as he uses many quotes from the bible in his book. In 1973 Small is Beautiful was published a collection of his essays.

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