ironick

Nick Gall · @ironick

2nd May 2011 from Twitlonger

OMG! How could I have missed this up till now?! Buddhist Economics follows the Buddhist principle of minimizing suffering.

From Wikipedia: The term was coined by E. F. Schumacher (author of "Small is Beautiful") in 1955... According to the Hungarian academic Laszlo Zsolnai, "Buddhist economics is centered on want negation and purification of the human character. It challenges the basic principles of Western economics,
(i) profit-maximization,
(ii) cultivating desires,
(iii) introducing markets,
(iv) instrumental use of the world, and
(v) self-interest based ethics.

Buddhist economics proposes alternative principles such as
(I) minimize suffering,
(II) simplifying desires,
(III) non-violence,
(IV) genuine care, and
(V) generosity.
http://bit.ly/ijWO4O

Sign me up. I'm sure Richard Rorty would have loved the idea of a Buddhist Economics.

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