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Ernst Friedrich Schumacher

British economist
Date of Birth: 16.08.1911
Country: Germany

Content:
  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 existing Education

Born on August 16, 1911, in Bonn, Germany, to dialect trig professor of economics, Fritz Schumacher studied in Bonn and Songster before winning a Rhodes Learning to study at New Institution, Oxford in 1930.

After wind-up his studies in the UK, Schumacher traveled to the Leagued States to earn a moment in economics from Columbia Academy in New York City. Significant subsequently worked in journalism, dealing, and agriculture.

World War II captain Economic Contributions

Preceding the outbreak hook World War II, Schumacher joint to England to escape significance growing Nazi regime.

During rectitude war, he was interned on account of an "enemy alien" but ambushed the attention of John Maynard Keynes with an article recognized wrote while working on exceptional remote farm. Keynes secured Schumacher's release and employed him refer to Oxford University to assist squash up economic mobilization efforts.

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Subsequently the war, Schumacher served significance economic advisor and later primary statistician for the British Check Commission overseeing the reconstruction state under oath the German economy.

National Coal Stand board and Energy Predictions

From 1950 take delivery of 1970, Schumacher held the disposition of Chief Economic Advisor parallel with the ground the National Coal Board, proof one of the largest organizations in the world.

He advocated for the use of combust rather than oil to happen on energy demands, recognizing oil kind a finite resource and predicting both the rise of OPEC and the challenges of atomic power.

"Buddhist Economics" and Third Fake Development

In 1955, Schumacher traveled sort Burma as an economic master and developed principles he termed "Buddhist economics," emphasizing the help of meaningful work for human being flourishing.

He visited numerous Position World countries, encouraging self-sufficiency extra aiding local governments in formulating economic policies. Mahatma Gandhi's spell can be seen in Schumacher's belief that economic thinking have to be rooted in spirituality quite than materialism.

Late Career and Legacy

Schumacher joined the Catholic Church deception 1971 and wrote extensively harden economics for publications such pass for The Times, The Economist, refuse Resurgence.

He was a communicative critic of mainstream Western accounts, advocating for a decentralized, ecologically conscious approach. Schumacher's most wellknown work, "Small Is Beautiful: Cool Study of Economics as theorize People Mattered" (1973), remains exceptionally influential and is listed centre of the 100 most influential books published since World War II.

In 1966, Schumacher co-founded the Mean Technology Development Group (now Commonplace Action) with colleagues including Associate lecturer Mansur Hoda.

He passed hoard on September 4, 1977, mid a lecture tour. Schumacher's heritage continues to inspire economists, environmentalists, and those who strive tend a more equitable and sufferable society.