Small Is Beautiful: Economics as if People Mattered
Book Summary: Small Is Beautiful: Economics as if People Mattered Author: E.F. Schumacher First Published: 1973 Publisher: Blond & Briggs Overview Small Is Beautiful by E.F. Schumacher is a groundbreaking critique of modern economic thought, advocating for sustainable and human-centered economics. Schumacher challenges the idea of limitless economic growth and argues that societies should prioritize well-being, local economies, and ecological balance over large-scale industrialization and consumerism. The book is divided into four parts, each addressing different aspects of economics, technology, and development from a philosophical and practical standpoint. Chapter Summaries & Key Ideas Part I: The Modern World and Its Problems Schumacher critiques mainstream economics, which he sees as overly focused on profit, efficiency, and perpetual growth. He argues that this approach ignores the environmental and social consequences of unchecked capitalism. "The Pro...