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by defrost
1074 days ago
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Small Is Beautiful: A Study of Economics As If People Mattered is a collection of essays published in 1973 by German-born British economist E. F. Schumacher.
The title *Small Is Beautiful* came from a principle espoused by Schumacher's teacher Leopold Kohr (1909–1994) advancing small, appropriate technologies, policies, and polities as a superior alternative to the mainstream ethos of "bigger is better".
Overlapping environmental, social, and economic forces such as the 1973 energy crisis and popularisation of the concept of globalisation helped bring Schumacher's *Small Is Beautiful* critiques of mainstream economics to a wider audience during the 1970s.
In 1995 The Times Literary Supplement ranked *Small Is Beautiful* among the 100 most influential books published since World War II.
https://en.wikipedia.org/wiki/Small_Is_Beautiful |
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It's not about scale, it's about balance. You can run a small an beautiful country with zero economy growth and zero decline, all in a perfect balance, and 70% of population younger than 65. Everything works out.
But when 50% of the population is older than 60, the picture changes a lot; the percentage of economically productive population is much lower, and the need to care for people who can't sustain themselves any more grows. Take a look at how Japan fares today.