The centenary of E.F. Schumacher's birth (1911-1977) offered an urgent opportunity to revisit his work and life. Against the background of the crisis at the beginning of this century, reconsidering Schumacher's Small is Beautiful or frugality paradigm makes clear that advances in responsible economics continue to be a priority. This book contains the proceedings of the 2011 Annual Conference of the European SPES Forum on 'Responsibility in Economics and Business: The Legacy of E.F. Schumacher', which was organised in September 2011 by the Centre for Ethics of the University of Antwerp in collaboration with the Business Ethics Center of Budapest. The aims of this conference were to celebrate the 100th anniversary of E.F. Schumacher's birth and to engage with Schumacher's vision to help address the present need for responsibility in economics and business. The answers to our current economic crisis presented in this book prove that the legacy of an economist and philosopher like Schumacher are not confined to a utopian economic paradigm. Utopian economic paradigms are concerned with a better economic situation in the future. Schumacher reconsidered today, however, makes it clear that society needs responsible economics invested in the sustainability of the globe, right now.

The core questions of philosophy about the origin of the world and people, the distinction between good and evil, and the meaning of life - these questions keep us all busy. In this introduction to philosophy, these three questions lead our journey. You want to understand the world and man. Then you try to acquire an outlook on the proper course of action. Perhaps you especially hope to gain insight into the meaning of your own life. And our society, as well, repeatedly collides with questions of its economic, social, and ecological limits. Again and again, philosophy is the necessary condition for finding answers in a rational manner to the demands for in-sight, outlook, and the search for meaning. This is a fascinating story of more than 2,500 years of thought, where the reader might feel inspired to add his or her own responses to the most important personal and social questions. But also to ask new questions - the point of philosophy.

This book examines frugality as an ideal and an 'art de vivre' which implies a low level of material consumption and a simple lifestyle, to open the mind for spiritual goods as inner freedom, social peace and justice or the quest for God or 'ultimate reality'. By rational choice we can develop a more frugal and sufficient way of life, but material temptations can always overwrite our ecological, social and ethical considerations. But the spiritual case for frugality is strong enough. Spiritually based frugal practices may lead to rational outcomes such as reducing ecological destruction, social disintegration and the exploitation of future generations.