“The most striking about modern industry is that it requires so much and accomplishes so little. Modern industry seems to be inefficient to a degree that surpasses one's ordinary powers of imagination. Its inefficiency therefore remains unnoticed.”
This influential book delves into the economic and social implications of small-scale industries and decentralized systems, advocating for a shift away from large-scale, centralized economies. It examines the advantages of smaller, more localized economies and the potential for increased efficiency and quality of life through community-based production. more
E. F. Schumacher was an outstanding statistician known for his contributions to economics and sustainable development research. He was born on August 16, 1911, and passed away on September 4, 1977. more
“If, however, economic ambitions are good servants, they are bad masters”