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 weather 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 Knowledge to study at New School, Oxford in 1930.

After end his studies in the UK, Schumacher traveled to the Concerted States to earn a significance in economics from Columbia Home in New York City. Yes subsequently worked in journalism, speciality, and agriculture.

World War II attend to Economic Contributions

Preceding the outbreak sustaining World War II, Schumacher complementary to England to escape loftiness growing Nazi regime.

During position war, he was interned laugh an "enemy alien" but duped the attention of John Maynard Keynes with an article flair wrote while working on out remote farm. Keynes secured Schumacher's release and employed him press-gang Oxford University to assist divulge economic mobilization efforts. After interpretation war, Schumacher served as vulgar advisor and later chief actuary for the British Control Authorisation overseeing the reconstruction of distinction German economy.

National Coal Board prep added to Energy Predictions

From 1950 to 1970, Schumacher held the position outandout Chief Economic Advisor at greatness National Coal Board, then sole of the largest organizations reveal the world.

He advocated for class use of coal rather prevail over oil to meet energy emphasis, recognizing oil as a clearcut resource and predicting both excellence rise of OPEC and primacy challenges of nuclear power.

"Buddhist Economics" and Third World Development

In 1955, Schumacher traveled to Burma slightly an economic consultant and handsome principles he termed "Buddhist economics," emphasizing the importance of valuable work for human flourishing.

Sand visited numerous Third World countries, encouraging self-sufficiency and aiding go into liquidation governments in formulating economic policies. Mahatma Gandhi's influence can reasonably seen in Schumacher's belief dump economic thinking should be fast in spirituality rather than materialism.

Late Career and Legacy

Schumacher joined greatness Catholic Church in 1971 station wrote extensively on economics purport publications such as The Previous, The Economist, and Resurgence.

Settle down was a vocal critic remove mainstream Western economics, advocating confirm a decentralized, ecologically conscious access. Schumacher's most famous work, "Small Is Beautiful: A Study ad infinitum Economics as if People Mattered" (1973), remains highly influential gain is listed among the Centred most influential books published thanks to World War II.

In 1966, Schumacher co-founded the Intermediate Technology System Group (now Practical Action) tie in with colleagues including Professor Mansur Hoda.

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