- Buddhist Economics
- Limitations of Economic Theory in the Industrial Age
- (1) Specialization
- (2) Not free of ethics, but inattentive to them
- (3) Unable to be a science, but wanting to be one
- (4) Lack of clarity in its understanding of human nature
- — (a) Want
- — (b) Consumption
- — (c) Work and working
- — (d) Competition & Cooperation
- — (e) Contentment and Consumerism
- The Major Characteristics of Buddhist Economics
- (1) Middle-way economics: realization of true well-being
- (2) Not harming oneself or others
- Technology
- Summary
- Appendix: General Principles of Buddhist Economics (Middle-way Economics)
- 1. Wise Consumption
- 2. Freedom from Self-harm and from Oppression of Others
- 3. Economy as a Support
- 4. Harmony with Human Nature
- 5. Integration with the Unity of Nature
- Origin of this Book
- Translator’s Foreword
Translator’s Foreword
These days Buddhist meditation techniques are well-known in the West and Buddhist insights into the human condition are, at least in academic circles, exerting a growing influence. Unfortunately the popular image of Buddhism is often an overly-austere one and many people still consider it to teach a denial or escape from worldly concerns into a private, hermetic realm of bliss. However, if we take the trouble to go to the words of the Buddha himself, we find a full and rich teaching encompassing every aspect of human life, with lots of practical advice on how to live with integrity, wisdom and peace in the midst of a confusing world. Perhaps it is time for such teaching to be more widely disseminated.
In this small volume, Tan Jow Khun Phra Debvedi (Bhikkhu Payutto) offers a Buddhist perspective on the subject of economics. While not seeking to present a completely comprehensive Buddhist economic theory, he provides many tools for reflection, ways of looking at economic question based on a considered appreciation of the way things are, the way we are. I hope that by making this work available in English it may go at least a short way towards resolving what has been called the current ‘impasse of economics’, and to awaken readers to the wide-reaching contemporary relevance of the timeless truths that the Buddha discovered and shared with us.
Dhammavijaya
Bangkok
May 1992
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