Is small still beautiful?

SMALL is Beautiful (Economics as People Mattered) is a book published by a German-born British economist Ernst (E.F.) Schumacher in 1973. It sang hosanna to the small producers as it emphatically argued against the "bigger is better" thesis advocated by modern capitalism.

Among the proofs presented by Schumacher to support his argument was the example of the small farmers. He noted that small farms were more productive than large farms (called "latifundia" in Latin America or hacienda in our case) because of their labor-intensive nature using unpaid family labor and that the family's survival depended on raising productivity per hectare of land.