The real problems of our planet are not economic or technical, they are philosophical. The philosophy of unbridled materialism is being challenged by events.
E. F. SchumacherRead
The key words of violent economics are urbanization, industrialization, centralization, efficiency, quantity, speed. . . . The problem of evolving a nonviolent way of economic life [in the West] and that of developing the underdeveloped countries may well turn out to be largely identical.
Interpretation
This quote emphasizes the interconnectedness of violent economic practices and the challenge of creating a peaceful economic system.
E. F. Schumacher highlights the destructive elements inherent in violent economics, such as urbanization and industrialization, while suggesting that finding a nonviolent economic approach for both developed and developing nations may essentially be the same challenge. He urges a reconsideration of economic principles to foster a more humane and sustainable way of living.
In practice
During a talk on sustainability, one might quote Schumacher to illustrate the need for a nonviolent economic framework.
The real problems of our planet are not economic or technical, they are philosophical. The philosophy of unbridled materialism is being challenged by events.
The substance of man cannot be measured by Gross National Product.
The printing press is either the greatest blessing or the greatest curse of modern times, sometimes one forgets which it is.
By means of trees, wildlife could be conserved, pollution decreased, and the beauty of our landscapes enhanced. This is the way, or at least one of the ways, to spiritual, moral, and cultural regeneration.
We still have to learn how to live peacefully, not only with our fellow men but also with nature and, above all, with those Higher Powers which have made nature and have made us; for, assuredly, we have not come about by accident and certainly have not made ourselves
The heart of the matter, as I see it, is the stark fact that world poverty is primarily a problem of two million villages, and thus a problem of two thousand million villagers.
Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.
Economy is the method by which we prepare today to afford the improvements of tomorrow.
Monetary policy ultimately must be conducted in a pragmatic manner that relies not on any particular indicator or model but, instead, reflects an ongoing assessment of a wide range of information in the context of our ever-evolving understanding of the economy.
It is an extreme perversion of capitalism if you can trade in something before you have even paid for it.
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Automation provides us with wondrous increases of production and information, but does it tell us what to do with the men the machines displace? Modern industry gives us the capacity for unparalleled wealth - but where is our capacity to make that wealth meaningful to the poor of every nation?
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