Small Is Beautiful Economics as if People Mattered Read ✓ 108

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Small Is Beautiful Economics as if People Mattered Read ✓ 108 ✓ [KINDLE] ❄ Small Is Beautiful Economics as if People Mattered By Ernst F. Schumacher – “Nothing less than a full scale assault on conventional economic wisdom” — NewsweekOne the 100 most influential books published“Nothing less than a full scale assault on Beautiful Economics PDFEPUB #196 conventional economic wisdom” NewsweekOne the most influential books published since World War II The Times Literary SupplementHailed as an “eco bible” by Time magazine EF Schumacher’s riveting richly researched statement on sustaina. The conception of economics as a free standing autonomous discipline and sphere of activity and even as an end unto itself is one of the costliest fallacies of our age It is precisely this fallacy that this book dismantles That economic growth should be subordinated to broader human cultural political and ecological concerns and that it should serve human growth by being intelligently harnessed to fuel community development projects rather than having politics hijacked by economics by claiming economic growth is the end all of politics and society is an idea we badly need to grasp at a time in which corporations are gaining unprecedented legal rights and political powerThe underlying issue here is as he rightly points out our culturally patterned inability read unwillingness to understand issues in their true context Anyone who has ever tried to think logically and objectively about the matter will realize that economics is a subset of ecology Who da thunk it Human economic activities occur within a context of limited natural resources and therefore economic growth cannot mushroom unto eternity Ignoring said context means undercutting the basis on which we stand Action can only be appropriately deliberated within a comprehensive and profound enough understanding of its appropriate relational context You don't need references to uaint ethical precepts that'd embarrass any self respecting hard nosed economist in order to appreciate this as a cold self evident fact revealed by the unbiased use of reason He rightly points out that we fail to introduce the true variables limited resources into our computations due to a perspective schewed by flawed and overly narrow preconceptions regarding which kinds of considerations are relevant This is another illustration of one of the costliest pitfalls of human reason the results of any act of reasoning you perform are determined by the perspectival limitations that ensue from your posited starting points You posit the variables that you consider relevant and reason calculates for you the best way to focalize the picture you wish to see Unfortunately what you don't wish to see is at least as important as what you do Omitting an object from one's field of vision does not decrease its reality The lapse of reasoning on this issue is borderline pathological and far from being our chief adaptive organ human reason is proving disastruously ill matched to reality a point well elaborated also in Ornstein and Ehrlich's New World New Mind The issue could easily be rectified by paradigmatically enforcing modes of thought and analysis that place problems in their proper large scale context instead of myopically focusing on issues in terms of the teeniest short term spotlight we can consider them in You don't need some transformation of consciousness for that You just need to actually use reason as it is meant to be used on the basis of the most comprehensive perspective available That this is still largely considered fringe material shows that not many steps have been taken to increasing the adaptiveness of our overriding paradigm

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E Jeffrey Sachs’s The End of Poverty Paul Hawken’s Natural Capitalism Mohammad Yunis’s Banker to the Poor and Bill McKibben’s Deep Economy This timely reissue offers a crucial message for the modern world Is Beautiful Economics eBook #9734 struggling to balance economic growth with the human costs of globalizatio. This is a tough one for me to rate There were parts of it that I found uite insightful parts that seemed very dated parts that felt like a big letdownSome thoughts EFS writes clearly about the problem of the hedonic treadmill though he doesn't use that term for materialist capitalism There are poor societies which have too little but where is the rich society that says 'Halt We have enough' There is none He advocates a third way between laissez faire capitalism and state socialism which is not just a compromise between the two Rather it is a form of organization that I might call a true ownership society with ownership being defined not by abstract property rights but by operational reality that is people should be able to own things when they can truly exercise personal ownership so owning a neighborhood business makes sense but owning a multinational company or even worse a share of one does not He doesn't use this terminology but I think his advocacy of small scale is closely tied to the ethics of caring it is natural to want to care for things one owns but this is only possible at the human scale on which care can operate I appreciated his discussion of convergent and divergent problems Briefly a convergent problem is one where there is a solution that can be communicated to others who can then carry it out an example being a math or engineering problem while a divergent problem is one where this is not the case such as a social or political problem Much of modernity EFS argues is dedicated to the attempt to reduce divergent problems to convergent problems for instance in political organization or education Not only is this impossible says EFS but it actually represents a moral horror imagine what a world would be like in which convergent solutions had been found to problems of human relationships a living death as many sci fi novels will tell you The way to deal with divergent problems is not to solve them but to live them out I find this distinction to be pretty useful Despite approaching it critically due to the New Agey title I actually liked the essay Buddhist Economics and I wish he had called it something different as there is little in it that is specific to Buddhism I think it was just a hot topic in 1973 It's really just about the role of virtue in grounding economic organization The main focus is on the logic of consumption EFS notes that standard economic thought understands an increase in consumption as always and everywhere good On the other hand nearly all traditional virtue systems agree that pleonexia is bad and this is a case where even classical Greek and Christian understandings of virtue agree EFS argues that the main measure of interest is happiness per unit of consumption and that the right way to maximize this is in ways that minimize the denominator while holding the numerator constant In this essay he doesn't much go into specific ways of doing that so one could read it as insufferably preachy Just be content with less But I think that is an unfair reading I think the argument finds a very powerful application for example in the trend away from public goods toward private goods in America moving from using the municipal pool to everyone having a pool in their backyard One could argue that this slightly increased individual utility though I'd be skeptical but certainly it represents a vast decrease in the happinessconsumption ratioI could go on but I should probably wrap it up So here's my main problem with this book Despite his avowed love for small scale organization EFS ultimately seems not to have the full courage of his convictions He ends up advocating that appropriate scale be brought about through a somewhat baroue large scale technocratic method involving forced euity participation by the state Social Councils special courts etc Throughout the book whenever EFS was arguing that the status uo was unjust or destructive I found myself agreeing with him but wondering what to do about it So when he finally came to describe his prescription in this way I felt pretty let down I think that anyone making this type of critiue of modern society needs to have the courage advocate actions that can be taken at the scale of individuals or communities without recourse to the state's monopoly on violence This of course is the hard part but having just read Dorothy Day I know that people have managed it perhaps not in ways that are glamorous but I think that is part of the point

Ernst F. Schumacher Ì 8 Read

Small Is Beautiful Economics as if People MatteredBility has become relevant and vital with each year since its initial groundbreaking publication during the Small Is Kindle energy crisis A landmark statement against “bigger is better” industrialism Schumacher’s Small Is Beautiful paved the way for twenty first century books on environmentalism and economics lik. I baised my economic philosophy is very much in agreement with SchumacherSchumacher takes economics and makes it human ethical and easy to understand Shumacher's perspective is economics as a set of tools to assess and answer uestions rather than economics as the answer itself He highlights the shortcomings of statistical models ie externalities such as uality of life environmental degradation social impacts etc are not assessedThe response to Small is Beautiful was the creation of a humanistic economics movement This movement suggests that deeming something economic does not mean it is the automatic correct course of action rather the first discussion of economics should be followed by consideration of whether the action is ethical ecological etc Regarding globalization Schumaker asked how much further 'growth' will be possible since infinate growth in a finite environment is an obvious impossibility The basic tenent of Small is Beautiful is that people should come before economics that one's workplacelife should be dignified and meaningful first efficient second and that nature is priceless