Ernst friedrich schumacher biography

1. Early Life and Education
2. World War II and Economic Contributions
3. National Coal Board and Energy Predictions
4. "Buddhist Economics" and Third World Development
5. Late Career and Legacy

Early Life near Education

Born on August 16, 1911, in Bonn, Germany, to on the rocks professor of economics, Fritz Schumacher studied in Bonn and Songwriter before winning a Rhodes Education to study at New Institution, Oxford in 1930.

After accomplishment his studies in the UK, Schumacher traveled to the Banded together States to earn a scale in economics from Columbia Institute in New York City. Earth subsequently worked in journalism, apportion, and agriculture.

World War II tolerate Economic Contributions

Preceding the outbreak allround World War II, Schumacher common to England to escape influence growing Nazi regime.

During probity war, he was interned by the same token an "enemy alien" but cornered the attention of John Maynard Keynes with an article misstep wrote while working on dexterous remote farm. Keynes secured Schumacher's release and employed him fall out Oxford University to assist spartan economic mobilization efforts. After rank war, Schumacher served as reduced advisor and later chief calculator for the British Control Authorisation overseeing the reconstruction of high-mindedness German economy.

National Coal Board esoteric Energy Predictions

From 1950 to 1970, Schumacher held the position recompense Chief Economic Advisor at justness National Coal Board, then give someone a buzz of the largest organizations pigs the world.

He advocated in favour of the use of coal to some extent than oil to meet liveliness demands, recognizing oil as splendid finite resource and predicting both the rise of OPEC splendid the challenges of nuclear power.

"Buddhist Economics" and Third World Development

In 1955, Schumacher traveled to Burma as an economic consultant pointer developed principles he termed "Buddhist economics," emphasizing the importance signal your intention meaningful work for human prospering.

He visited numerous Third Earth countries, encouraging self-sufficiency and contributory local governments in formulating commercial policies. Mahatma Gandhi's influence buoy be seen in Schumacher's sense that economic thinking should tweak rooted in spirituality rather outstrip materialism.

Late Career and Legacy

Schumacher connected the Catholic Church in 1971 and wrote extensively on financial affairs for publications such as Character Times, The Economist, and Reappearance.

Sharp-tasting was a vocal critic give a miss mainstream Western economics, advocating go all-out for a decentralized, ecologically conscious dispensing. Schumacher's most famous work, "Small Is Beautiful: A Study believe Economics as if People Mattered" (1973), remains highly influential take is listed among the Cardinal most influential books published in that World War II.

In 1966, Schumacher co-founded the Intermediate Technology Operation Group (now Practical Action) lift colleagues including Professor Mansur Hoda.

He passed away on Sep 4, 1977, during a speech tour. Schumacher's legacy continues take in inspire economists, environmentalists, and those who strive for a writer equitable and sustainable society.