(4) Lack of clarity in its understanding of human nature

1 May 2535

(4) Lack of clarity in its understanding of human nature

Having shown how economics is related to other matters, particularly values, and how it is affected by other things we may now turn to another important problem—that of an understanding of human nature. It is an extremely important matter. All disciplines must be founded on an understanding of human nature. If any discipline errs with its understanding, then it will be unable to reach the complete truth and be unable to really solve the problems of humanity. So on the matter of human nature, what is the understanding of economics, and what is the understanding of Buddhism and Buddhist economics? I have already mentioned that economics looks at the phenomena of human demand or want, but looks at only one side of it, refusing to take into account the quality of demand. If that is true, and the quality of demand is a natural phenomena then it means that economics refuses to consider a truth that lies within the nature of things. That being so, then one must further question economics as to how it could be a discipline and how it could give a complete answer to human problems. The only possible defense is that economics is just a⁠ specialized discipline that must cooperate with the other relevant disciplines.

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