Schumacher (1973) was one of the first scholars to point out that more is not always
better, and constant economic growth cannot be sustained in the long run. According
to Schumacher (1973), perpetual expansion is incompatible with the systems view of
economics and society; it leads to depletion of environmental resources and results in
loss of collective wisdom, degradation of moral standards, and cultivation of greed,
inequality, and oppression.