Tom and I review one of the most influential books of 70’s, Small Is Beautiful, written by the economist E F Schumacher.

Schumacher’s central thesis is that the way we approach economics improves our living standards whilst degrading our culture.

In this episode, we explore several aspects of Schumacher’s thinking:
– Buddhist economics
– Education as our greatest asset
– Economic reductionism
– Man and machine
– The role of the State