Buddhist economics ef schumacher biography

E.F. Schumacher's classic essay shifted focus from capitalism to individual well-being, prioritizing holistic welfare over financial exchange systems.

Ernst Fritz Schumacher (–) published the following version of his essay “Buddhist Economics” in the British magazine Resurgence in The magazine specialized in decentralization, deurbanization, libertarian technology, and alternative lifestyles.

Schumacher discussed the issue of labor, which was fundamental to the psychic equilibrium of the individual and essential to a sense of satisfaction and social integration. In short, Schumacher deconstructed the whole capitalist economy so as to focus on individual well-being rather than on a system of financial exchange.

Born in Germany, Schumacher came to England in as a Rhodes Scholar to read economics at New College, Oxford.

Schumacher was also an expert o