The book “Small is Beautiful: An Economy Where People Matter” contains articles by Schumacher devot to his theory. And it was on them that such familiar movements as #BuyLocal (“Buy Local” – remember, for example, the pandemic and support for local producers in this regard) and Fair.
Trade “Fair Trade”
This is how manufacturers and sellers label goods, advocating for compliance with labor, environmental and social standards in the manufacture of the product) subsequently grew. We have read “Small is Beautiful” and are retelling the most interesting, in our opinion, moments from the book.
Anastasia Rogozina Masters Text:
Anastasia Rogozina is not, and that makes “big” business seem less meaningful and less useful. Schumacher is convinc that the “production problem” – that is, essentially, the problem of turning resources into goods – is mistakenly perceiv as 99 acres database solv in economics. The fact is that we confuse such concepts as capital and income, and often write down the expenditure of capital as “income.”
The simplest example here is natural resources
A large company deals in diamonds: they mine them, clean them, process them, cut them, sometimes even make them into jewelry, and then how to manage them well sell them. The company records the proces from the sale as income, but, according to Schumacher, this gives us the wrong idea, because it is essentially selling resources that it cannot restore or amortizethat is, its non-renewable capital.
However, Schumacher’s theory is not limit
To squandering natural resources. He also says that at every stage – mining, refining, processing, cutting – people are involv in the production of diamonds, their skills, abilities, and sometimes even health. And this is also capital that people “alienate” in each of the goods produc by the company. But they do not see this part of themselves that they usa data invest in the product. And this, according to the economist, is the main problem of large enterprises.