E.F. Schumacher Small is Beautiful
Absolutely and unwaveringly one of the most important books of our time.
I am absolutely blown away by this book. It shows us that economics and markets as they exist are wholly unsustainable. Natural resources are being treated as expendable income, when they should be treated as capital due to their nature as non-renewable. Furthermore, the earth’s ability to resist the pollution caused by use of fossil fuels is highly limited. Thus, our days of living life as we know it in the Western world are limited, and the so called ‘development’ (i.e. the industrialisation) of the developing world will only add fuel to fire (excuse the pun).
The notion that economic growth and technological and scientific development are good, is lambasted. ‘Bigger is better’ is causing only misery through capitalism and materialism. Schumacher was one of the first economists to question the appropriateness of the use of GNP and GDP as measurements of development and human well being.
PLEASE PLEASE PLEASE, if you have any interest in international development, politics and/or economics, this book and its theories are of utmost importance, now more than ever!