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Moderation, contentment, work, and alms—A Buddhist household theory

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  • Wiese, Harald
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    Abstract

    The paper deals with household theory from the angle of Buddhist thought. We build on the Buddhist terms of tanha versus chanda to express Buddhist preferences and Buddhist household theory in terms of textbook microeconomic terms. We find that preferences of Buddhist (enlightened) people may differ from those of non-Buddhist people in a systematic manner. Among other hypotheses, we deduce that Buddhists work harder than non-Buddhists if we control for meditation time. We argue that any full-grown Buddhist economics (if it is to exist) needs to build on Buddhist preference and household theory, either as presented here or in a different form.

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    File URL: http://www.sciencedirect.com/science/article/pii/S1053535711001041
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).

    Volume (Year): 40 (2011)
    Issue (Month): 6 ()
    Pages: 909-918

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    Handle: RePEc:eee:soceco:v:40:y:2011:i:6:p:909-918

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    Web page: http://www.elsevier.com/locate/inca/620175

    Related research

    Keywords: Buddhism; Tanha; Chanda; Moderation; Happiness research;

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    1. 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.
    2. Becker, Gary S & Murphy, Kevin M, 1988. "A Theory of Rational Addiction," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 675-700, August.
    3. Frey, Bruno S., 1997. "On the relationship between intrinsic and extrinsic work motivation1," International Journal of Industrial Organization, Elsevier, vol. 15(4), pages 427-439, July.
    4. Lerner, Abba P, 1972. "The Economics and Politics of Consumer Sovereignty," American Economic Review, American Economic Association, vol. 62(2), pages 258-66, May.
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