Ecological reality is not what you hypothesize
Calling E. F. Schumacher the “Copernicus” of economic theory, Greer bases his new work on Schumacher’s path breaking book Small is Beautiful: Economics as if People Mattered. Citing Schumacher’s ideas about “intermediate,” or “appropriate” technology, which the respected economist developed as a way to help the people of third world countries achieve employment and a reasonably comfortable standard of living, Greer says that using these same ideas might be a sensible approach for Americans in an age of scarcity.


