Econommics Small Is Beautiful Essay

1370 Words Apr 16th, 2012 6 Pages
Book: Small is Beautiful by EF Schumacher

Summary of Small is Beautiful: Small is beautiful was published in 1973 it main message was to include people in economics. Schumacher looks at our economics system and criticises it. He describes how humans’ impacts economics and it’s not always in a good way. His aim was to warn us about how our use of resources is impacting our environment in a very dangerous away. Also Schumacher didn’t agree with the statement the bigger the better instead he said “Man is small and therefore small is beautiful” (pg131). In his eyes the bigger a company or country growth was the bigger the problems and more likely it would self-destruct. He found that it was better to be small and it was more efficient and
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In his essay Problem of Production he uses fossil fuels to explain this. From the beginning of time we have always treated natural resources for example oil and gas as income when they really should be treated as capital since they can never be used again. There is no or very little effort in conserving it and as a result there is a huge impact we are destroying Earth. “Fossil fuels are merely a part of the 'natural capital' which we steadfastly insist on treating as expendable, as if it were income, and by no means the most' important part. If we squander our fossil fuels, we threaten civilization; but if we squander the capital represented by living nature around us, we threaten life itself.”(Pg5line29-35). Similarly Ireland is highly dependent on oil for everyday use for example transport and heating. Although people are looking at alternatives for oil it is a very slow and long process. The supply of oil is decreasing every day and the demand of oil is increasing therefore increasing the price. In Ireland it has risen over the last number of year’s .now in Ireland on average its 1.40 euro for diesel for a litre of diesel and 1.50 euro for petrol. The graph below from ( shows the millions of barrels produced each day and what year the oil will eventually disappear.
Another key aspect he discusses is personal

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