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About this book
About this book
Classic work, in which the author maintains that humankind's current pursuit of profit and progress has resulted in gross economic inefficiency, environmental pollution and inhumane working conditions. He points the way to a world in which capital serves humankind instead of humankind remaining a slave to capital.
Before the publication of Small is Beautiful, his best-selling reappraisal of Western economic attitudes, Dr E. F. Schumacher was already well known as an economist, journalist and progressive entrepreneur. He was Economic Adviser to the National Coal Board from 1950 to 1970, and was also the originator of the concept of Intermediate Technology for developing countries and Founder and Chairman of the Intermediate Technology Development Group Ltd. He also serves as President of the Soil Association (Britain's largest organic farming organization, founded thirty years ago) and as Director of the Scott-Bader Company (pathfinders in polymer chemistry and common ownership). Born in Germany, he first came to England in 1930 as a Rhodes Scholar to study economics at New College, Oxford. Later, at the age of twenty-two, he taught economics at Columbia University, New York. As he found theorizing without practical experience unsatisfying, he then went into business, farming and journalism. He resumed the academic life for a period at Oxford during the war, afterwards serving as Economic Adviser to the British Control Commission in Germany from 1946 to 1950. In later years, his advice on problems of rural development was sought by many overseas governments. Dr Schumacher was awarded the CBE in 1974. He died in 1977.