Wealth & Money Quote by E. F. Schumacher

Schumacher frames materialism not as a personal vice but as a category error: an infinite appetite dropped into a finite system. The sentence is engineered like an economic argument disguised as moral philosophy. “Single-minded pursuit” signals an ideology, not a hobby; “in short, materialism” is the clean label slapped onto a complex cultural habit. Then comes the quiet dagger: it “contains within itself no limiting principle.” That’s the subtext most growth narratives try to skip. Markets can optimize within constraints, but they can’t supply a reason to stop wanting more. The discipline’s usual tools - incentives, efficiency, expansion - don’t generate an internal off-switch.

The punch lands because Schumacher forces a collision between two kinds of limits: the self’s boundlessness and the planet’s borders. He doesn’t romanticize nature; he treats “environment” with the cold clarity of a balance sheet. “Strictly limited” reads like a budget line, a hard cap. In that sense, he’s calling materialism irrational on its own terms: it’s an economic strategy that ignores the most basic scarcity.

Context matters. Schumacher wrote in the afterglow of postwar industrial confidence, when GDP growth was sold as proof of social progress and consumer affluence was treated as democratic destiny. His broader project (later canonized in Small Is Beautiful) was to argue for “enoughness” - scale, restraint, human-centered economics. This quote is a warning shot at a civilization that mistakes acceleration for direction, and treats the absence of limits as freedom rather than a design flaw.