Economics

German economist E.F. Schumacher’s Small is Beautiful is more relevant today than when he wrote this gem of a book in the early 1970s. There is, without a doubt, a universal idolatry of gigantism (bigness). How big is big enough, one wonders. And ironically, once great size is achieved among nations, companies or portfolios, there is the ever pressing need to create smallness within the bigness, so the girth can be efficiently managed.