I started by saying that one of the most fateful errors of our age is the belief that the problem of production has been solved. This illusion, I suggested, is mainly due to our inability to recognize that the modern industrial system, with all its intellectual sophistication, consumes the very basis on which is has been erected. To use the language of the economist, it lives on irreplaceable capital which it cheerfully treats as income.
E. F. SchumacherMuch of the economic decay of southeast Asia (as of many other parts of the world) is undoubtedly due to a heedless and shameful neglect of trees.
E. F. SchumacherWork and leisure are complementary parts of the same living process and cannot be separated without destroying the joy of work and the bliss of leisure.
E. F. SchumacherEvery increase of needs tends to increase one's independence on outside forces over which one cannont have control and therefore increases existential fear
E. F. SchumacherI started by saying that one of the most fateful errors of our age is the belief that the problem of production has been solved. This illusion, I suggested, is mainly due to our inability to recognize that the modern industrial system, with all its intellectual sophistication, consumes the very basis on which is has been erected. To use the language of the economist, it lives on irreplaceable capital which it cheerfully treats as income.
E. F. Schumacher