''Small Is Beautiful: A Study of Economics As If People Mattered'' is a collection of essays published in 1973 by German-born British economist
E. F. Schumacher. The title "Small Is Beautiful" came from a principle espoused by Schumacher's teacher
Leopold Kohr
Leopold Kohr (1909–1994) was an economist, jurist and political scientist known both for his opposition to the "cult of bigness" in social organization and as one of those who inspired the ''Small Is Beautiful'' movement. For almost twenty years, ...
[Dr. Leopold Kohr, 84; Backed Smaller States]
New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
obituary, 28 February 1994. (1909–1994) advancing small,
appropriate technologies, policies, and polities as a superior alternative to the mainstream ethos of "bigger is better".
Overlapping environmental, social, and economic forces such as the
1973 energy crisis and popularisation of the concept of
globalisation helped bring Schumacher's ''Small Is Beautiful'' critiques of
mainstream economics to a wider audience during the 1970s. In 1995 ''The Times Literary Supplement'' ranked ''Small Is Beautiful'' among the 100 most influential books published since
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...
.
The Times Literary Supplement
''The Times Literary Supplement'' (''TLS'') is a weekly literary review published in London by News UK, a subsidiary of News Corp.
History
The ''TLS'' first appeared in 1902 as a supplement to ''The Times'' but became a separate publication ...
, October 6, 1995, p. 39 A further edition with commentaries was published in 1999.
[ Schumacher, E. F.; ''Small Is Beautiful: Economics As If People Mattered : 25 Years Later...With Commentaries'' (1999). Hartley & Marks Publishers ]
Synopsis
''Small Is Beautiful'' is divided into four parts: "The Modern World", "Resources", "The Third World", and "Organization and Ownership".
* Part I – summarizes the economic world of the early 1970s from Schumacher's perspective. In the first chapter, "The Problem of Production", Schumacher argues that the modern
economy
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the ...
is unsustainable.
Natural resources (like
fossil fuels), are treated as expendable
income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. Fo ...
, 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
Technology transfer (TT), also called transfer of technology (TOT), is the process of transferring (disseminating) technology from the person or organization that owns or holds it to another person or organization, in an attempt to transform invent ...
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.
* Part II – casts Education as the greatest resource, and discusses Land, Industry, Nuclear Energy and the human impact of Technology.
* Part III – discusses the gap between the center of the
World System and the developing world as it existed then, with a focus on village culture and unemployment in India.
* Part IV – presents a sketch of a Theory of Large Scale Organization, takes issue with platitudes about capitalism as a social order and discusses alternatives. Chapter 3 of this part concludes with advice to socialists:
"Socialists should insist on using the nationalised industries not simply to out-capitalise the capitalists – an attempt in which they may or may not succeed – but to evolve a more democratic and dignified system of industrial administration, a more humane employment of machinery, and a more intelligent utilization of the fruits of human ingenuity and effort. If they can do this, they have the future in their hands. If they cannot, they have nothing to offer that is worthy of the sweat of free-born men." (Part IV, Chapter 3 'Socialism')
See also
* ''
A Guide for the Perplexed
''A Guide for the Perplexed'' is a short book by E. F. Schumacher, published in 1977. The title is a reference to Maimonides's '' The Guide for the Perplexed''. Schumacher himself considered ''A Guide for the Perplexed'' to be his most important ...
''
*
Alter-globalisation
Alter-globalization (also known as alternative globalization or alter-mundialization—from the French alter- mondialisation—and overlapping with the global justice movement) is a social movement whose proponents support global cooperation and ...
*
Anti-globalisation movement
The anti-globalization movement or counter-globalization movement, is a social movement critical of economic globalization. The movement is also commonly referred to as the global justice movement, alter-globalization movement, anti-globalist m ...
*
Degrowth
*
Distributism
Distributism is an economic theory asserting that the world's productive assets should be widely owned rather than concentrated.
Developed in the late 19th and early 20th centuries, distributism was based upon Catholic social teaching pri ...
*
Green growth
Green growth is a term to describe a hypothetical path of economic growth that is environmentally sustainable. It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resou ...
*
Happiness economics
*
Humanistic economics
Humanistic economics is a distinct pattern of economic thought with old historical roots that have been more recently invigorated by E. F. Schumacher's Small Is Beautiful: Economics as if People Mattered (1973). Proponents argue for "persons-fir ...
*
Moderately prosperous society (literally ''small abundance/well being society'' AKA "The Chinese Dream")
*
Post-growth
Post-growth is stance on economic growth concerning the limits-to-growth dilemma — recognition that, on a planet of finite material resources, extractive economies and populations cannot grow infinitely. The term "post-growth" acknowledges t ...
*
Renewable energy
*
Renewable resource
A renewable resource, also known as a flow resource, is a natural resource which will replenish to replace the portion depleted by usage and consumption, either through natural reproduction or other recurring processes in a finite amount of ti ...
*
Simple living
*
Sustainability
References
External links
Full Text of ''Small is Beautiful''at ditext.com
The Schumacher Institute for Sustainable Systems home page
{{Authority control
1973 non-fiction books
Appropriate technology advocates
Blond & Briggs books
Environmental non-fiction books
Simple living
Sustainability books
1973 neologisms
Quotations from literature