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An Economic Interpretation of The Diamond Sutra

Author

Listed:
  • Bingyuang Hsiung

    (Professor, Department of Economics, National Taiwan University, Taipei, Taiwan. E-mail address: hsiung@ms.cc.ntu.edu.tw)

Abstract

When a person faces the various dishes on a buffet table, economics can help analyze how he makes choices among the dishes. But if the dishes are all the same to this person, then the issue of choice economics studies essentially disappears. The idea that the dishes are all the same, however, reflects metaphorically one of the central thoughts of The Diamond Sutra. By employing a set of analytical concepts of economics, this paper attempts to provide a logically consistent analysis of the central thoughts of the important Buddhist treatise and to explain their potential attractiveness as well as possible weaknesses.JEL classification: A13, B40, P50.

Suggested Citation

  • Bingyuang Hsiung, 2000. "An Economic Interpretation of The Diamond Sutra," Journal of Interdisciplinary Economics, , vol. 12(1), pages 17-39, October.
    • Handle: RePEc:sae:jinter:v:12:y:2000:i:1:p:17-39
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    More about this item

    Keywords

    Cost; Values; Price; Choice; Religion; Relativity;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

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