Economic Quote by E. F. Schumacher
“There is no economic problem and, in a sense, there never has been.”
About This Quote
Source Book: Small is Beautiful, 1973
Economic issues are largely social constructs, not inherent problems.
In simple terms: Economics is a social construct.
Question the framing of economic problems.
Themes
Mood
Type
When to use this quote
- policy design
- education curricula
- public discourse
- media framing
Key Concepts
Questions to Reflect On
- What problems are genuinely material versus perceived?
- How does perception shape policy?
Not all economic challenges are purely social; material constraints exist.