"If, however, economic ambitions are good servants, they are bad masters"
About this Quote
The subtext is about governance, not just personal ethics. Once “economic ambitions” become the master, every other value becomes a rounding error: ecosystems become “externalities,” care work becomes invisible, community becomes “friction,” politics becomes an annex of the market. The servant/master swap also implies coercion. A master does not persuade; it commands. That’s Schumacher’s warning about growth culture: it narrows the imaginable until the economy stops being something society has and becomes something society serves.
Context sharpens it. Writing in the postwar boom and crystallizing these arguments in Small Is Beautiful (1973), Schumacher watched affluent states treat GDP as a proxy for national purpose, even as environmental limits and social alienation grew harder to ignore. His phrasing is compact enough to travel - a quotable antidote to technocratic optimism - but it’s also a demand: put economics back in its proper place, as a discipline of provisioning, not a theology of expansion.
Quote Details
| Topic | Money |
|---|---|
| Source | Small Is Beautiful: A Study of Economics As If People Mattered — E. F. Schumacher (1973). Quote commonly attributed to this work. |
| Cite |
Citation Formats
APA Style (7th ed.)
Schumacher, E. F. (2026, January 18). If, however, economic ambitions are good servants, they are bad masters. FixQuotes. https://fixquotes.com/quotes/if-however-economic-ambitions-are-good-servants-8160/
Chicago Style
Schumacher, E. F. "If, however, economic ambitions are good servants, they are bad masters." FixQuotes. January 18, 2026. https://fixquotes.com/quotes/if-however-economic-ambitions-are-good-servants-8160/.
MLA Style (9th ed.)
"If, however, economic ambitions are good servants, they are bad masters." FixQuotes, 18 Jan. 2026, https://fixquotes.com/quotes/if-however-economic-ambitions-are-good-servants-8160/. Accessed 12 Feb. 2026.











