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The Practice of Buddhist Economics?

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  • Simon Zadek

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.

Suggested Citation

  • Simon Zadek, 1993. "The Practice of Buddhist Economics?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 52(4), pages 433-445, October.
    • Handle: RePEc:bla:ajecsc:v:52:y:1993:i:4:p:433-445
    DOI: 10.1111/j.1536-7150.1993.tb02567.x
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    References listed on IDEAS

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    1. Goulet, Denis, 1980. "Development experts: The one-eyed giants," World Development, Elsevier, vol. 8(7-8), pages 481-489.
    2. Ling, Trevor, 1980. "Buddhist values and development problems: A case study of Sri Lanka," World Development, Elsevier, vol. 8(7-8), pages 577-586.
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    Cited by:

    1. Daniels, Peter L., 2010. "Climate change, economics and Buddhism -- Part 2: New views and practices for sustainable world economies," Ecological Economics, Elsevier, vol. 69(5), pages 962-972, March.
    2. Berggren, Niclas & Bjã˜Rnskov, Christian, 2013. "Does religiosity promote property rights and the rule of law?," Journal of Institutional Economics, Cambridge University Press, vol. 9(2), pages 161-185, June.
    3. S. Brammer & Geoffrey Williams & John Zinkin, 2007. "Religion and Attitudes to Corporate Social Responsibility in a Large Cross-Country Sample," Journal of Business Ethics, Springer, vol. 71(3), pages 229-243, March.
    4. Ping Yu & Li Zeng, 2014. "Rationalizing beliefs," Rationality and Society, , vol. 26(4), pages 425-445, November.
    5. Hee‐Chan Song, 2020. "Sufficiency economy philosophy: Buddhism‐based sustainability framework in Thailand," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 2995-3005, December.
    6. Mabsout, Ramzi, 2015. "Mindful capability," Ecological Economics, Elsevier, vol. 112(C), pages 86-97.
    7. Schmähl, Winfried, 2002. "Old-age security in Bhutan: From lump-sum payments towards a pension scheme," Working papers of the ZeS 06/2002, University of Bremen, Centre for Social Policy Research (ZeS).
    8. Daniels, Peter L., 2005. "Economic systems and the Buddhist world view: the 21st century nexus," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 34(2), pages 245-268, March.
    9. Daniels, Peter L., 2010. "Climate change, economics and Buddhism -- Part I: An integrated environmental analysis framework," Ecological Economics, Elsevier, vol. 69(5), pages 952-961, March.

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