The influential German economist E.F. Schumacher
coined the phrase "small is beautiful" back in 1973 in his best-selling book about the relation between mankind and technology.
The next year, E.F. Schumacher
published a response to that warning.
He is a devotee of the E.F. Schumacher
Society (remember "Small is Beautiful") which is the backdrop to much of their thinking.
The British economist, E.F. Schumacher
, argued that human institutions, as complex structures with dynamic governance, require broad systemic analysis.
British-German economist E.F. Schumacher
once said: "the strength of the idea of private enterprise lies in its terrifying simplicity, it suggests that the totality of life can be reduced to one aspect--profits."
This is far from being an exclusively Islamic proposition: noted economist E.F. Schumacher
has alluded to this imperative in his book Small is Beautiful, highlighting that all economics is derived from a larger instructive paradigm of meta-principles.
Swann and others founded the first such project of its type in rural Georgia, calling it New Communities; they later created the E.F. Schumacher
Society (now the New Economics Institute), which is a strong champion of the model.
Think about the emergencies roiling worldwide and the words of the late economist E.F. Schumacher
ring truer than ever.
Referring to the thought of economist E.F. Schumacher
, as well as a variety of other activists, among them Ahangamage Tudor Ariyaratne, Vandana Shiva, Riane Eisler, and Muhammad Yunus, they cover numerous aspects of economics intertwined with social policy.
Way back in 1973, the British economist E.F. Schumacher
penned a book entitled Small is Beautiful, that endorsed "economics as if people mattered." It was an innovative approach to "appropriate technologies." While we have certainly embraced the benefits of newer and greener technologies such as wind and solar, we somehow seem to have missed the main tenet of Mr.
This is the only way to ensure that development is sustainable." His talks often make it clear that Banks, among many other things, is a student of appropriate technology--a term made prominent by author E.F. Schumacher
in his 1973 book Small is Beautiful.
These Green concepts, some originating in the writings of economic thinker E.F. Schumacher
, constitute a blueprint for shaping a world economy based on real human values.