Appropriate Economics: What Can It Teach Economic Development?

In the interest of helping economic development find a path with a heart, I have been exploring different existing resources that seem to relate. Appropriate Economics has been around for a while. It has mainly been concerned with development issues in third-world countries, but has its place in developed economies like ours.

Economic thinkers like E.F. Schumacher, Kennth Boulding, John K. Galbriath, Herman Daly, and Joseph Stiglitz have all given attention to appropriate economics.

“Appropriate Economics” has focused itself on decentralizing economic systems to the local level and using proper processes to include the entire community in economic planning, to put the economy back into the hands of the people. Sounds a little bit like economic development, except the emphasis on "people" is greater.

Learn more about Appropriate Economics here.