The work of E.F. Schumacher is addressed in the broad context of economic philosophy. His economics present a frontal attack on neo‐classical economics. He likewise rejects a Marxist analysis of society. And while he shares some of the concerns of the institutionalists, he nonetheless stands apart from them in his questioning of the moral and philosophical foundations of the discipline. Schumacher can be considered a member of a fourth school – philosopher/economists.
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