Small Is Beautiful: 8 key ideas
The core ideas of Small Is Beautiful, each in under a minute, written in our own words. Want the full depth? Get the book.
- IDEA 1 OF 8
Economics should serve people
Schumacher argues that modern economics measures success by output and growth, ignoring human wellbeing and the environment.
He calls for economics as if people mattered, focusing on meaningful work and sustainable living.
- IDEA 2 OF 8
Nature is capital, not income
Schumacher argues that we treat natural resources like oil as income to spend, when they are really capital that cannot be replaced.
Using them up is unsustainable. Spending it leaves little for the next generation.
- IDEA 3 OF 8
Bigness has costs
Schumacher criticises the obsession with large organisations and technologies.
He believes smaller scales are often more humane. In his view, very large systems can make individuals feel powerless, while smaller ones let people see and understand what they do.
- IDEA 4 OF 8
Buddhist economics offers balance
Schumacher describes Buddhist economics, which values simplicity, non-violence and meaningful work.
Its goal is wellbeing, not maximum consumption. In his view, an economy should ask whether people's lives are becoming better and not only whether they are buying more.
- IDEA 5 OF 8
Work should be meaningful
Schumacher argues that work should develop people's abilities and bring them together.
Mindless work harms people. In his view, a job that uses a person's skills and lets them work with others is good for them, and a dull one is not.
- IDEA 6 OF 8
Appropriate technology helps the poor
Schumacher proposes intermediate technology, tools that are simple, affordable and suited to local needs.
This helps poor communities. In his view, tools that people can afford, understand and repair in their own towns help communities more than costly imported machines.
- IDEA 7 OF 8
Growth has limits
Schumacher argues that endless growth on a finite planet is impossible.
Societies must live within limits. In his view, an economy that keeps taking more from the earth will meet a limit, so wise societies plan for it.
- IDEA 8 OF 8
Decentralise power
Schumacher favours smaller, decentralised communities and organisations.
Local control supports wellbeing. In his view, when decisions are made close to the people affected, they are more likely to suit local needs and be accepted.
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