Small is Beautiful : Study of Economics as If People Mattered

First published in 1973, this controversial study looks at the economic structure of the western world in a revolutionary way. Schumacher maintains that man's current pursuit of profit and progress, which promotes giant organizations and increased specialization, has in fact resulted in gross economic inefficiency, environmental pollution and inhumane working conditions. He challenges the doctrine of economic, technological and scientific specialization, and proposes a system of intermediate technology, based on smaller working units, communal ownership and regional workplaces, utilizing local labour and resources.