Small Is Beautiful is divided into four parts: “The Modern World”, “Resources”, “The Third World”, and “Organization and Ownership”.
In the first chapter, “The Problem of Production”, Schumacher argues that the modern economy is unsustainable. Natural resources (like fossil fuels), are treated as expendable income, when in fact they should be treated as capital, since they are not renewable, and thus subject to eventual depletion. He further argues that nature’s resistance to pollution is limited as well.
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