‘Small is Beautiful: Economics As If People Mattered’ a book by E. F. Schumacher.
“Coinciding with the 1973 oil crisis, this book became a bestseller and fostered worldwide interest in alternative technologies and alternative economics.” (Practical Action website)
Schumacher ‘Small is Beautiful’
Intermediate Technology Development Group (now Practical Action) formed
The Intermediate Technology Development Group (now called Practical Action) was founded in 1966 by Fritz Schumacher and a few of his close associates to promote the use of ‘appropriate’ efficient labour-intensive technologies in rural areas.
Concept of ‘Intermediate Technology’ introduced
Concept of ‘Intermediate Technology’ introduced by philosopher/economist Fritz Schumacher