Buddhist Economics

Laszlo Zsolnai

Chapter 11 in Handbook of Spirituality and Business, 2011, pp 88-94 from Palgrave Macmillan

Abstract: Abstract Buddhist economics is a major alternative to the Western economic mindset. It challenges the basic principles of modern Western economics, namely profit-maximization, cultivating desire, introducing markets, instrumental use of the world, and self-interest-based ethics. Buddhist economics proposes alternative principles such as minimizing suffering, simplifying desire, nonviolence, genuine care, and generosity. Buddhist economics is not a system but a strategy that can be applied in any economic setting.

Keywords: Cash Flow; Economic Setting; Alternative Principle; Buddhist Monk; Scarce Natural Resource (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-32145-8_11

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DOI: 10.1057/9780230321458_11

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