5 of 5 people found the following review helpful
If only we had listened then,
This review is from: Small is beautiful: A study of economics as if people mattered (Paperback)
Also wrote "A Guide For The Perplexed" which is excellent. This book captures the problem we have today with the cash crisis in our Global Economies indeed it could be said to have predicted them. Sadly with hindsight it could be said that Schumacher created them too.
Schumacher started his rise to fame as an "Enemy Alien" during the Second World War in England, having fled Germany rather than live under the Nazi's he was imprisoned in the UK because he was German. Despite this he wrote a paper (Multilateral Clearing) whilst still a prisoner which the famous economist John Maynard Keynes realised was brilliant. Keynes got him freed and a post at Oxford but then presented Schumacher's paper to the UK Government and it became a white paper which eventually led to the formation of the International Monetary Fund (IMF) and the many ills that it has since perpetrated on the world.
Despite this Schumacher goes on from being an orthodox Keynesian Moneterist to be the exact opposite. He publishes this book and others culiminating in A Guide For The Perplexed. All of these books expound a very different view of economics that put people and morals at the heart of sound economic decisions and show that you can still be in business and not be a "person of illegitimate birth" ;-)
For its age it is remarkably prophetic of the current world and how we got here. With hindsight it is easy to see he was right.