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Small Is Beautiful (Masterplots II: Nonfiction Series)

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E.F. Schumacher’s essays in Small Is Beautiful comment on the state of economics and the functioning of the economy; he is critical of both. In his opinion, economists are too tied to the notion that profits should be a determining factor in economic affairs; thus, they are blinded to many of the economy’s negative features. The features on which Schumacher focuses his attention are related to the form of modern technology, which employs the techniques of mass production. As a result, modern business firms have grown increasingly large and...

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