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PITTSFIELD â He was a Germany-born British economist who favored small, localized economic growth during a period of great global prosperity.
Ernst Friedrich E.F. Schumacher believed that natural resources should be conserved, that local currencies should be adopted and that the higher living standards achieved through capitalism served to deteriorate the surrounding culture. He even wrote a book titled Small is Beautiful: Economics as if People Mattered.
Schumacher died in 1977, but his theories, ideas and research live on at the Schumacher Center for a New Economics in Great Barrington. The center s executive director is Susan Witt, who established the facility in 1980 with the late Robert Swann, the founder of the community land trust movement.