"Ernst Friedrich "Fritz" Schumacher" was an internationally influential economic thinker, statistician and economist in Britain, serving as Chief Economic Advisor to the UK National Coal Board for two decades. His ideas became popularised in much of the English-speaking world during the 1970s. He is best known for his critique of Western economies and his proposals for human-scale, decentralised and appropriate technology/appropriate technologies.
According to The Times Literary Supplement, his 1973 book Small Is Beautiful: a study of economics as if people mattered is among the 100 most influential books published since World War II. It was soon translated into many languages, bringing him international fame. Schumacher's basic Economic development/development theories have been summed up in the catch-phrases Intermediate Size and Intermediate Technology. In 1977 he published A Guide for the Perplexed as a critique of materialist scientism and as an exploration of the nature and organisation of knowledge.
Together with long-time friends and associates like Mansur Hoda/Professor Mansur Hoda, Schumacher founded the Intermediate Technology Development Group (now Practical Action) in 1966.If you enjoy these quotes, be sure to check out other famous economists! More E. F. Schumacher on Wikipedia.