The Practice of Buddhist Economics?

Simon Zadek

American Journal of Economics and Sociology, 1993, vol. 52, issue 4, 433-445

Abstract: Abstract. The guidance provided by Buddhism about forms of economy is examined, focusing on individual and social aspects of Buddhist practice, rather than a literal readings of the canonical texts. The case of the village‐level development organization in Sri Lanka, Sarvodaya Shramadana, illustrates issues concerning Buddhist approaches to organization at the micro level. The impact of the Buddhist institution of the laity supporting monks on economic growth is considered, and the role of material welfare in a Buddhist conception of development. This examination of Buddhism suggests that its practice reveals insights into approaches to economy.

Date: 1993
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