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Buddhist Economics

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lightbulbAbout this topic
Buddhist Economics is an interdisciplinary field that integrates principles of Buddhism with economic theory, emphasizing ethical considerations, sustainability, and the well-being of individuals and communities. It critiques conventional economic models by advocating for a balance between material needs and spiritual fulfillment, promoting a holistic approach to economic activity.
lightbulbAbout this topic
Buddhist Economics is an interdisciplinary field that integrates principles of Buddhism with economic theory, emphasizing ethical considerations, sustainability, and the well-being of individuals and communities. It critiques conventional economic models by advocating for a balance between material needs and spiritual fulfillment, promoting a holistic approach to economic activity.

Key research themes

1. How can Buddhist principles reshape economic models to promote sustainability and human well-being?

This research theme explores the integration of foundational Buddhist teachings—such as karma, dependent origination, and the Noble Eightfold Path—into economic paradigms that contrast with typical Western models focused on growth and material accumulation. It investigates how Buddhist concepts of interdependence, moderation, and the reduction of suffering can inform sustainable economic development, emphasizing qualitative measures of well-being beyond GDP. This approach matters because it presents an alternative framework addressing ecological degradation, social inequality, and psychological distress inherent to modern capitalist economies.

Key finding: This chapter argues that Buddhist economics fundamentally contrasts with Western economics by promoting moderation of desires and cyclical, interdependent thinking (pratītyasamutpāda), which can inform sustainable commercial... Read more
Key finding: Clair Brown synthesizes Buddhist principles with contemporary Western economic insights to present a coherent Buddhist economic framework prioritizing well-being, compassion, and sustainability. Utilizing components of the... Read more
Key finding: This chapter introduces Buddhist Sustainable Development (BSD), integrating Buddhist conceptions of inner happiness as a driver for sustainable environmental and social outcomes. By shifting focus from external interventions... Read more
Key finding: This paper advocates transcendent/Buddhist economics built on interdependence, enlightened self-interest, and compassion, contrasting prevailing economic paradigms rooted in individualistic dualism and materialism. It... Read more
Key finding: Gotsis elaborates that Buddhist economics provides a humane and compassionate response to societal and environmental challenges by focusing on virtues such as compassion and equanimity. Using Weberian sociology and Buddhist... Read more

2. In what ways can Buddhist spirituality and ethical values transform organizational and management practices towards equity and sustainability?

This theme examines the application of Buddhist spirituality—mindfulness, compassion, ethical conduct, and interconnectedness—in economic management and organizational contexts. It addresses how embedding Buddhist values into business models challenges profit-oriented rationality by prioritizing human flourishing, equitable stakeholder care, and environmental responsibility. This area contributes to diversifying leadership paradigms, fostering organizational identity aligned with spiritual development, and offering ethical frameworks for social justice and long-term harmony in institutional settings.

Key finding: The chapter identifies key Buddhist values—simplicity, nonviolence, compassion, mindfulness—as foundational to reshaping economic and management practices away from profit maximization towards well-being and sustainability.... Read more
Key finding: The newsletter presents multiple initiatives integrating spirituality within business education and practice, arguing that transcending materialistic value orientations through spiritual insights enables a broader concept of... Read more
Key finding: By analyzing World Values Survey data, this study finds strong opposition to bribery among Buddhists, especially among older and more educated cohorts, correlated with greater happiness and government trust. This empirical... Read more

3. How does non-duality and interdependence inform emerging quantitative and conceptual frameworks in Buddhist economics?

This theme investigates the methodological and conceptual advances in formalizing Buddhist economic principles through quantitative modeling and philosophical integration of non-duality and interdependence. It focuses on reconciling traditional Buddhist doctrines—such as right livelihood and karma—with scientific methods, novel price theories, and apophatic spirituality to ground Buddhist economics in measurable, rigorous frameworks while maintaining spiritual authenticity. This approach is critical for academic acceptance, policy applicability, and framing transformative economic systems.

Key finding: This paper pioneers a quantitative Buddhist economics (QBE) framework applying mathematics and scientific methods to correct inaccuracies in classical economic price theory based on concepts from Thai Theravada Buddhism and... Read more
Key finding: Ricketts elucidates Buddhist non-dualistic teachings as apophatic theology and integrates these insights with modern psychology and neuroscience to reveal the psychological process of awakening and its implications for... Read more
Key finding: The presentations propose a paradigm shift from autonomous, individualistic economic perspectives toward an 'I-Thou' relational approach rooted in Buddhist non-dualism and Martin Buber's philosophy, advocating biocentric... Read more

All papers in Buddhist Economics

Background and Objectives: All things in the universe are mysteriously encrypted, subject to the rule of nature. Integrating knowledge is the only key to understanding them. In Buddhism, all objects contain microscopic elementary... more
Christian leadership emphasizes the importance of ethical behavior and the imperative of fostering an ethical culture within organizations. It motivates both leaders and followers to exemplify ethical strength and to champion ideals such... more
In the contemporary epoch of the Anthropocene, humanity faces an unprecedented convergence of ecological collapse, geopolitical instability, and social fragmentation. This paper argues that these crises are symptomatic of a deeper... more
This essay argues that contemporary civilization faces a structural crisis rooted not in political or economic failure alone, but in a fundamental metaphysical error: the organization of planetary society around the illusion of the... more
Since 1990s, human security has raised its profile in global arena as international community stressed the protection of each individual and enhancement of the quality of their life as a foundation for social and global stability. This... more
Dzambling Cho Tab Khen’s The Grand Law of Healing the Planet: A Buddhist View offers a spiritual antidote to the global environmental crisis, a theme deeply resonant with the call for universal values and inner growth central to the work... more
This paper examines the role of a savings culture as a foundation for economic sustainability through the comparative lenses of Buddhist economics and Keynesian economic theory. While both frameworks acknowledge the importance of saving,... more
In this research article, we rely on the "giving" theory of Marcel Mauss (2015) to clarify the difficulties and challenges of nuns in Ho Chi Minh City regarding charity work. We studied the case of nuns practicing at Quan Am Monastery in... more
Sulak Sivaraksa. From rightlivelihood.org Sulak Sivaraksa is a Thai intellectual and activist who has played a pivotal role in consolidating the place of engaged Buddhism in Thai society. He has devoted his life to advocating for... more
This research aims to discover the application of Buddhist education system as revealed in the Buddhist scripture for moral and spiritual development in the modern society. This study is a type of qualitative research with library... more
Buddhist spirituality in economics and management involves applying Buddhist values such as mindfulness, compassion, ethical conduct, and interconnectedness to economic and organizational contexts. It promotes a shift from profit-centered... more
This development underscores the fact that to the samgha who were tacitly permitted to keep private property by the Song period, charging a penalty was ironically more effective than other punishment methods. Republican period monastic... more
Examine the interplay between Pariyatti (study of Buddhist scriptures) and Patipatti (practical application through ethics and meditation) in Myanmar's Theravāda Buddhism, addressing challenges and opportunities to foster harmony toward... more
This paper proposes a conceptual framework called the "Empathy-Based Economy (Kindness Capitalism)" and the "Compassionate Local Network" as a response to the structural limitations of contemporary capitalism. The current economic system,... more
This chapter introduces contemporary transnational Buddhist organizations, investigating the di usion of Buddhism across borders through transnational networks. It speci cally focuses on Buddhist entities that have emerged from the latter... more
An illustrated catalog of products (art quilts, toys, and children's books) as well as community events (book club, kids' writing workshop) offered under the aegis of "Honey Girl Books and Gifts LLC" in Seattle, WA. Created post-academia... more
This study delves into the crucial role of moral ethics in fostering worldwide peace and wellbeing, with a specific emphasis on the five precepts of Buddhist ethics as observed within the Khmer community. Through an exploration of the... more
Over the centuries, Buddhist monks applied economic models in the operations of their monasteries to make them sustainable while also observing Buddhist principles. The large variety of economic practices observed demonstrate the... more
The standardization of the Chan school Pure Regulations texts and of the rituals described within them is emblematic of the standardization of both the institutional structure of Chan monasteries and their rituals. It is also emblematic... more
After the rise of globalization, the traditional Indian social system started changing rapidly. People's hopes, aspirations, and dreams, as well as their reasons for grief and worries also changed. Due to liberalization, people started... more
The integration of Buddhist principles into sustainable development practices offers a holistic and culturally informed approach to addressing global challenges. This paper explores the alignment between core Buddhist concepts and the... more
The integration of Buddhist principles into sustainable development practices offers a holistic and culturally informed approach to addressing global challenges. This paper explores the alignment between core Buddhist concepts and the... more
The paper explores Buddhist economics as a major alternative to the Western economic mindset. Buddhism is centred on want negation and purification of the human character. Buddhist economics, developed by Schumacher, Payutto, Welford and... more
I argue in this paper that because the Buddha prescribed his ethical precepts in terms of bodily and verbal acts, inferring from which his disciples have to judge the corresponding mental states, the aforesaid precepts are like sieves of... more
This research aims to discover the application of Buddhist education system as revealed in the Buddhist scripture for moral and spiritual development in the modern society. This study is a type of qualitative research with library... more
This paper aimedto study an issue of the knowledge of the history, philosophy, and nature of Buddhist law as depicted in early Buddhist texts which were related to the Patimokkha in VinayaPitaka. The VinayaLaws are similar in certain... more
by Imi Lo
For the last few decades, economics and economic policy in the West have focused almost exclusively on the growth and creation of material wealth. Under the influence of the Market Economy; the level of economic activities — material... more
This paper presents Techno-Hedonism, a new philosophy that I just developed that asserts happiness as the ultimate goal of humans. It argues that, whether we admit it or not, consciously or unconsciously, all human actions are directed... more
Roles and responsibilities of the business community towards society are underexplored and least understood by the business community as well as by the society in general. In the absence of any guideline on the societal responsibilities... more
This paper includes two Accepted Poster Presentations for the International Society for Contemplative Research Conference, in June, 2024, Padua, Italy: Embracing Apophatic Philosophy: A Path Towards Beneficial Personal and Societal... more
A political theory confirms individual rights and property as the fundamental task of the State. It is a political and economic libertarianism. In this context, the State is responsible for overseeing and protecting the economic life of... more
In the contemporary times, the world is confronted with sad stories of crime, violence, wars, disasters, abuses and exploitation. Hatred, fear and tension have taken over compassion, love and peace. In this context, very progress and... more
Mindfulness practice and mindful consumption have increasingly attracted the interests of academics and the general public worldwide. Despite the fact that mindfulness meditation has its roots in Buddhism, little empirical research has... more
In the contemporary times, the world is confronted with sad stories of crime, violence, wars, disasters, abuses and exploitation. Hatred, fear and tension have taken over compassion, love and peace. In this context, very progress and... more
In the contemporary times, the world is confronted with sad stories of crime, violence, wars, disasters, abuses and exploitation. Hatred, fear and tension have taken over compassion, love and peace. In this context, very progress and... more
This articles argues that extraction and emission caps are a promising strategy for a sustainable degrowth transition, but that their design and implementation is far from simple. We draw attention to the institutional structures and... more
This paper deals with human-mind development and an appropriate path for individuals and for socioeconomics in order to achieve the objective of sustainable development. This paper begins by providing background and discussion on... more
The following chapter fills an identified research gap within the existing, but limited, happiness and sustainable development literature. Specifically, the study investigates the relationship between happiness and environmental... more
Sustainable development has largely been a process focused on external interventions. This chapter explores linking happiness and sustainable development via a new concept "Buddhist Sustainable Development" (BSD), suggesting that... more
The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and... more
Research into sustainability is an intellectual inquiry rooted in and shaped by research and cultural traditions through multiple ways of viewing the educational world we operate in. Research into sustainability is transdisciplinary and... more
This chapter presents an overview of the conceptual and empirical literature examining the interrelationships between spirituality, virtue, and management. Against the background of a Weberian conceptual framework, it will examine what... more
The purpose of this study is to investigate whether social value is developed in social business organizations to improve economic justice practices and improve social performance. This study also examines the mediation of economic... more
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