Abstract

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Highlights

  • Completion among social disciplines and scientific methodology has been captured in all socio-economic dynamics into one particular parcel which introduce as the ‘mainstream’ of contemporary academia

  • This has been raptured all academics who deals within a comfort zone while facilitating more objective approaches

  • Schumacher is an economist who strongly believes in the picture of reality to read the complex human behaviour. His attempt to build a concrete argument against the conventional mainstream approaches of knowledge has pioneered by this influential collection of essays. This reminds the economists how resources, environment and human begin can be ruined through fallacy, beliefs and values in academia

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Summary

INTRODUCTION

Completion among social disciplines and scientific methodology has been captured in all socio-economic dynamics into one particular parcel which introduce as the ‘mainstream’ of contemporary academia This has been raptured all academics who deals within a comfort zone while facilitating more objective approaches. Ernst Friedrich Schumacher is one of that innovative “anti-objectify” economists and philosophers who contribute to sustain the argument: “studying economics is only one outlet of knowledge and it needs assistance of other social disciplines to be more progressive and to address the natural phenomenon” His academic writings address more subjective approaches with the essence of spirituality and philosophy of modern thinking. This book basically questions many assumptions used in mainstream economics and highlights some popular delusions It was first published in 1973 by Blond & Briggs Ltd, London during the time United Kingdom entered into European Economic Community. It is worth writing a book review on this publication which argues against excessive materialism and meaningless growth with very useful subjective approach for modern thinking in economics

ORGANIZATION OF CHAPTERS
Small is Beautiful
SIGNIFICANCE OF THE CONTENT
CONCLUSION

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