Tuesday, July 23, 2013

Schumacher Center for a New Economics: The Relevance of E. F. Schumacher in the 21st Century by John Fullerton
If you examine Schumacher’s personal library, which is carefully stewarded at the E. F. Schumacher Society in the Berkshires, you will find that most of the texts are not about economics. Instead, they include the great philosophical and spiritual texts from all traditions. Schumacher’s gift and genius was to derive economic principles and ideas from these teachings, to have the courage to speak the truth, despite knowing it often flew in the face of conventional economic thinking, and to make the truth accessible with his clear and witty prose. What emerges is certainly not the final word on the economics of permanence. Some of his thinking is outdated, or simply missed the mark. But as a foundation to build upon, it is invaluable. The reason his ideas about economics ring true is because they are built upon these wisdom traditions. The contradictions of modern economics are gone.

Actually, much of it was based on Christianity, Catholic Social Teaching in particular.

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