“Since there is now increasing evidence of environmental deterioration, particularly in living nature, the entire outlook and methodology of economics is being called into question. The study of economics is too narrow and too fragmentary to lead to valid insights, unless complemented and completed by a study of meta-economics . . .”
- Buddhist Economics (Part 4 Essay) & A Question of Size
- Intermediate Technology: Excerpts from Small is Beautiful: Economics as if People Mattered
E.F. Schumacher’s book, Small is Beautiful, inspired thousands of kindred minds in many countries. He had a particular interest in appropriate technology, i.e. technology on the human scale favoring not the big industry, but people making a living in their local economy.