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Small Is Beautiful: Economics as if People Mattered (Harper Perennial Modern Thought)
Download Ebook Small Is Beautiful: Economics as if People Mattered (Harper Perennial Modern Thought)
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Review
“Embracing what Schumacher stood for--above all the idea of sensible scale--is the task for our time. Small is Beautiful could not be more relevant. It was first published in 1973, but it was written for our time.” (Bill McKibben, from the Foreword)“An eco-bible” (Time magazine)“Small Is Beautiful changed the way many people think about bigness and its human costs.” (New York Times)“Nothing less than a full-scale assault on conventional economic wisdom. . . . Schumacher believes economists need a new set of values, to obtain maximum well-being with minimum consumption.” (Newsweek)
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From the Back Cover
Small Is Beautiful is Oxford-trained economist E. F. Schumacher's classic call for the end of excessive consumption. Schumacher inspired such movements as "Buy Locally" and "Fair Trade," while voicing strong opposition to "casino capitalism" and wasteful corporate behemoths. Named one of the Times Literary Supplement's 100 Most Influential Books Since World War II, Small Is Beautiful presents eminently logical arguments for building our economies around the needs of communities, not corporations.
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Product details
Series: Harper Perennial Modern Thought
Paperback: 348 pages
Publisher: Harper Perennial; Reprint edition (October 19, 2010)
Language: English
ISBN-10: 0061997765
ISBN-13: 978-0061997761
Product Dimensions:
5.3 x 0.9 x 8.1 inches
Shipping Weight: 6.4 ounces (View shipping rates and policies)
Average Customer Review:
4.4 out of 5 stars
144 customer reviews
Amazon Best Sellers Rank:
#63,121 in Books (See Top 100 in Books)
EF Schumacher, a British economist, published this book in 1973 from essays that he wrote in prior years. I have heard about it for years and just now read it. It's truly a wonderful book, full of thoughtful -- yet revolutionary -- ideas of how to structure a sustainable economy. I give this book my HIGHEST recommendation to anyone interested in the economics of development, environment, natural resources and community.The 297 page book has four parts:The Modern World has essays on sustainability and scale.Resources discusses land, education, energy and technologyThe Third World gets very deep into the similarities and differences between economic systems in "our world" and a poor village.Organization and Ownership discusses different ownership structures and how their incentives (dis)serve man and society.Schumacher's perspective is informed by Gandhian and Buddhist concepts of scale, i.e., the appropriate scale for a business or a job is the scale that an individual can understand and enjoy. As such, he runs directly against the "bigger is better" philosophy of mainstream economics that argues in favor of increasing scale until marginal costs begin to rise. Further, Schumacher goes against the idea that profits, per se, are the only goal. As a free-market economist, I have strong doubts about these ideas; as an environmental economist concerned with sustainable systems, I have to agree that his ideas are more sensible than those that pursue profits at all costs.If these ideas had displaced mainstream economics (to the extent that Gordon Gekko said "small is beautiful" instead of "greed is good"), we would be living in a very different world today. Schumacher is certainly aware that he is fighting an uphill battle, but his analysis never veers from good economics. He does not hope that people will just "do the right thing." Instead, he pays attention to incentives and how they can be changed to accomplish his goals.This book is full of wisdom, and the writing sparkles. Although you should read it to experience it yourself, I will leave you with this passage:We are always having all sorts of clever ideas about optimizing something before it even exists. I think the stupid man who says "something is better than nothing" is much more intelligent than than the clever chap who will not touch something unless it is optimal.Bottom Line: Economists study how humans use scarce resources. Their decisions are motivated by philosophies of why they want to use those resources. This book discusses those decisions with an important question: Is the goal more consumption or happier people? Since consumption does not appear to make us more happy, we have to ask what does, and Schumacher answers that question by noting that people living in communities and doing meaningful work are happier.2014 update (after using the book to teach): Schumacher has a lovely vision for how a bottom-up system of production by the masses would work, but he does not describe a strategy for dealing with people(s) who prefer large and ugly, e.g., China, the US, Canada, et al. This weakness puts his advice into the aspirational rather than pragmatic section of my bookshelf.
Wow, this book is incredible. For anyone interested in economics, this is an absolute must-read.I would go so far as to say that this book belongs in the annals with Wealth of Nations and Das Kapital as an integral book in the school of economic thought. I think this is the most underrated book on economics out there- because with the sheer degree of soundness of its discussions and the scathing critiques of our current materialist economic paradigms (both capitalist and socialist), it provides a blueprint for HOW to think about what economics actually IS in the context of its place in human civilization on planet earth.If in the future, there are future breakdowns of our current economic models, or revolutionary paradigm shifts, I would hope that this book has as much influence on policy makers as the Communist Manifesto had on Communists, or what Rothbard and Mises had on Libertarians-except this book is superior to them both. Why? It takes into account holistic systems, ecology, and NON-material aspects of mankind- justice, beauty, truth, harmony, sustainability.I hope policy makers start implementing the strategies of this book asap.
Required reading for anyone who is interested to learn of a sustainable economy, sustainable housing, and all things smaller and less wasteful! Timely reading now when the City of LA alone has 44,000 homeless people while we have mansions in Beverly Hills that take up much needed space.... the message is: please leave a small footprint on this earth as it belongs to ALL of us.
I was turned on to reading this book after reading A Life's Work, the biography of the late King Bhumibol of Thailand. He read this book and was deeply inspired by it, and used it's lessons to try to restructure the economic system of his country and improve the lives of those who live in the rural areas of Thailand. I found the book (although containing many many errors of text, including those of spelling and grammer), fascinating and applicable to our time...many of the "predictions" made by Mr. Schumacher have (painfully) come true. I see that there is another book...written by a relative...about his teachings and the application of them in the 21st century. I think I shall read that one next...
This is a book that needs to make a comeback. Though written decades ago, it addresses how to build an economy that sustains the environment and isn't destructive to community. Most importantly to me, Schumacher makes the point that our model of economics is unsustainable because it is based on infinite growth and fails to distinguish between equity and capital. He also points out that economics is but one of many social science disciplines, and that on its own, economics is incapable of resolving any of the major problems we face, like maintaining the natural environment, building strong communities, promoting positive mental health, creating social justice, etc.
The overall message is really impressive, considering that the book was written almost fifty years ago. Every college student, regardless of his or her major, should read it. It is a pity that there so many printing errors in the book, showing a careless work by the editors.
Item arrived in condition described by seller.I was hoping for a view of economics that centers people that was backed by examples and evidence. Instead the author gives his opinions but doesn’t back them up with much evidence. It feels rant-like at times, describing moral aspects of things that go wrong without balancing where things go right. The book has a vision of how things should be, but without evidence of where these systems will work it feels more like philosophy.
I remember reading this book for the first time when it came out in the 1970's and referring to it often over the years. It passes the test of time in its own way and I still appreciate the timely thinking pre-globalization on matters of the environment and sustainability over the destiny of capitalism.
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