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    E.F. Schumacher: Idea of Development By:-Piyush Raj

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    Piyush raj
    Ernst Friedrich "Fritz" Schumacher was a 20th century British economist who critiqued Western economies. He is best known for his 1973 book "Small Is Beautiful" which argued for human-scale and decentralized development focused on self-sufficiency. Schumacher advocated for an economic system that values having enough rather than accumulating wealth. He drew from Eastern philosophies like Buddhism and favored development that cooperates with the environment instead of exploiting resources. Schumacher's work called for rethinking the philosophical assumptions behind economic systems and moving toward non-violent and sustainable development.

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    E.F. Schumacher: Idea of Development By:-Piyush Raj

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    Piyush raj
    512 views6 pages
    Ernst Friedrich "Fritz" Schumacher was a 20th century British economist who critiqued Western economies. He is best known for his 1973 book "Small Is Beautiful" which argued for human-scale and decentralized development focused on self-sufficiency. Schumacher advocated for an economic system that values having enough rather than accumulating wealth. He drew from Eastern philosophies like Buddhism and favored development that cooperates with the environment instead of exploiting resources. Schumacher's work called for rethinking the philosophical assumptions behind economic systems and moving toward non-violent and sustainable development.

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    Ernst Friedrich "Fritz" Schumacher was a 20th century British economist who critiqued Western economies. He is best known for his 1973 book "Small Is Beautiful" which argued for human-scale and decentralized development focused on self-sufficiency. Schumacher advocated for an economic system that values having enough rather than accumulating wealth. He drew from Eastern philosophies like Buddhism and favored development that cooperates with the environment instead of exploiting resources. Schumacher's work called for rethinking the philosophical assumptions behind economic systems and moving toward non-violent and sustainable development.

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    512 views6 pages

    E.F. Schumacher: Idea of Development By:-Piyush Raj

    Uploaded by

    Piyush raj
    Ernst Friedrich "Fritz" Schumacher was a 20th century British economist who critiqued Western economies. He is best known for his 1973 book "Small Is Beautiful" which argued for human-scale and decentralized development focused on self-sufficiency. Schumacher advocated for an economic system that values having enough rather than accumulating wealth. He drew from Eastern philosophies like Buddhism and favored development that cooperates with the environment instead of exploiting resources. Schumacher's work called for rethinking the philosophical assumptions behind economic systems and moving toward non-violent and sustainable development.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 6

    E.F.

    SCHUMACHER
    Idea of development
    By :- Piyush Raj
    Ernst Friedrich "Fritz" Schumacher (16 August 1911 – 4 September 1977) was an
    internationally influential economic thinker, statistician and
    economist in Britain, serving as Chief Economic Advisor to
    the UK National Coal Board for two decades. His ideas
    became popularized in much of the English-speaking world
     during the 1970s. He is best known for his critique of Western
    economies and his proposals for human-scale, decentralized
    and appropriate
    technologies.
    According to The Times Literary Supplement, his 1973 book 
    Small Is Beautiful: a study of economics as if people mattered 
    is among the 100 most influential books published since World
    War IIW.[2] and was soon translated into many languages,
    bringing him international fame. Schumacher's basic
     development theories have been summed up in the catch-phrases Intermediate Size
     and Intermediate Technology. In 1977 he published A Guide for the Perplexed as a
    critique of materialistic scientism and as an exploration of the nature and organization
    of knowledge. Together with long-time friends and associates like Professor Mansur
    Hoda, Schumacher founded the Intermediate Technology Development Group (now 
    Practical Action) in 1966.
    Schumacher wonders why, given a world with so many different worldviews, the
    modern Western type of economics has been accepted as the only kind of economics.
    It presupposes a solely materialistic view of human life which lacks any concern with
    sufficiency.
    He hopes for an economic system based on something like the Buddhist conviction
    about the meaning of life; this system would be a Buddhist economics with different
    assumptions about life's goal and meaning.
    He singles out Gandhi, a Hindu, as "the greatest man of our time" (3) and looks to him
    for guidance on an economics more in keeping with the nature of the human person
    and with Mother Nature. Such a system would better conform to the teachings of
    Hinduism, Buddhism and other great religions of the world. A Buddhist economics
    would be based on support of locally produced goods and local services and on
    special regard for "the dignity of labor" (4).
    • Schumacher's concern is with the philosophical assumptions that undergird either a
    Western or Eastern economic system and the nature of the development efforts that

    .
    proceed from different economic systems. With respect to material things, Schumacher
    stresses the value of having enough, neither too much nor too little. Emphasis on
    having too many material goods stimulates greed and envy which are not good for
    either the people of the developed or the developing world. He also cites the importance
    of economic systems that can be sustained, that cooperate with, rather than war
    against, Mother Nature. He disdains the use of atomic energy due to its destructive
    capabilities. He favors resources whose use involves simplicity rather than complexity.
    • He concludes that "the New Economics would be a veritable 'Statute of Limitation" - and
    that means a 'Statute of Liberation" (8).

    • Non-Violent Economics
    • Schumacher voices his disturbance over the violence of war, especially atomic war, and
    the violence that issues from the workings of the modern Western 
    Thanks tum taali nhi bjaye to humne
    khud bja liye

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