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Buddhist Economics - Dhamma Wheel

Buddhist Economics

A discussion on all aspects of Theravāda Buddhism
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retrofuturist
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Buddhist Economics

Postby retrofuturist » Tue Jan 06, 2009 5:18 am

Greetings,

There's a few books around looking at whether Buddhist principles can be applied to Economics in the pursuit of an ideal Buddhist society.

One that I quite enjoyed is from P.A. Payutto...

Buddhist Economics
A Middle Way for the Market Place
By Ven. P. A. Payutto

http://www.urbandharma.org/udharma2/becono.html

Quite thought provoking and worth a look given the current state of the global economy.

What are your thoughts on the potential influence of Buddhism on economic principles? Do you have any interesting texts of Buddhist Economics to share?

Metta,
Retro. :)
"Do not force others, including children, by any means whatsoever, to adopt your views, whether by authority, threat, money, propaganda, or even education." - Ven. Thich Nhat Hanh

"The uprooting of identity is seen by the noble ones as pleasurable; but this contradicts what the whole world sees." (Snp 3.12)

"To argue with a person who has renounced the use of reason is like administering medicine to the dead" - Thomas Paine

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KeithBC
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Re: Buddhist Economics

Postby KeithBC » Wed Jan 07, 2009 4:48 pm

That is a very interesting work, and it is headed in the right direction. I particularly like what Ven. Payutto has to say about non-production as a virtue. However, I don't think it goes far enough.

For any economic theory to be viable into the coming century, it has to be based on the principle of sustainability. To be truly sustainable, a system has to approach a zero level of net consumption of resources. Anything less than this will contribute to the eventual collapse of all economic systems.

Om mani padme hum
Keith

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David N. Snyder
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Re: Buddhist Economics

Postby David N. Snyder » Wed Jan 07, 2009 10:30 pm

I have not read that work yet. Where does it fall on the traditional left-right spectrum?
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retrofuturist
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Re: Buddhist Economics

Postby retrofuturist » Wed Jan 07, 2009 11:56 pm

"Do not force others, including children, by any means whatsoever, to adopt your views, whether by authority, threat, money, propaganda, or even education." - Ven. Thich Nhat Hanh

"The uprooting of identity is seen by the noble ones as pleasurable; but this contradicts what the whole world sees." (Snp 3.12)

"To argue with a person who has renounced the use of reason is like administering medicine to the dead" - Thomas Paine

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David N. Snyder
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Re: Buddhist Economics

Postby David N. Snyder » Thu Jan 08, 2009 2:03 am

Ok, thanks. I tend to be around the middle myself on the traditional spectrum, so I'll have to check it out and read it through.

I have noticed that Buddhist teachings can be used (perhaps manipulated?) to support almost any political view. For example, the compassion and brahma-vihara teachings can be used in a leftist way and the teachings on 'individual responsibility' can be used for a more right wing economic and political view.

Buddhists tend to lean to the left, but I have seen plenty of right leaning Buddhists too. So it will be interesting to see how learned bhikkhus feel on the issues.
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Dhammanando
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Re: Buddhist Economics

Postby Dhammanando » Thu Jan 08, 2009 5:29 am


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gavesako
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Re: Buddhist Economics

Postby gavesako » Thu Jan 08, 2009 7:28 am

Ajahn Buddhadasa had his vision of "Dhammic Socialism":

http://www.suanmokkh.org/ds/what_ds1.htm
Bhikkhu Gavesako
Kiṃkusalagavesī anuttaraṃ santivarapadaṃ pariyesamāno... (MN 26)

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Cittasanto
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Re: Buddhist Economics

Postby Cittasanto » Thu Jan 08, 2009 9:39 am

Hi Retro / All,
I can not find my copy to see if it is the same on but the one I have is quite thin and about A5 in size, not read it yet but have in on my to read list!

there is a small passage of What the Buddha Taught which quotes the Buddha in how to distribute your earnings! looked it up it is to Sigala (page 83, 2003 print run of the oneworld classics)

1 fourth Daily expenses savings
1 fourth Savings
1 half invest in his bussiness


He who knows only his own side of the case knows little of that. His reasons may be good, and no one may have been able to refute them.
But if he is equally unable to refute the reasons on the opposite side, if he does not so much as know what they are, he has no ground for preferring either opinion …
...
He must be able to hear them from persons who actually believe them … he must know them in their most plausible and persuasive form.

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David N. Snyder
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Re: Buddhist Economics

Postby David N. Snyder » Fri Jan 23, 2009 7:23 pm

Here is an interesting video, which explains the American system of government, well at least "in theory":

http://www.wimp.com/thegovernment/

It is sort of the Libertarian Party view, which is some ways is middle way between No government and Total government. As a businessman, I can relate to many of the ideas and find it attractive. G. W. Bush in no way fits into this model as he only expanded government.
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Re: Buddhist Economics

Postby Individual » Fri Jan 23, 2009 9:37 pm

The best things in life aren't things.


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retrofuturist
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Re: Buddhist Economics

Postby retrofuturist » Fri Jan 23, 2009 10:17 pm

Greetings Individual,

Yes, I know about those writers... I'd rather spend my time investigating Buddhism nowadays.

Metta,
Retro. (Bachelor of Economics / Bachelor of Arts) :)
"Do not force others, including children, by any means whatsoever, to adopt your views, whether by authority, threat, money, propaganda, or even education." - Ven. Thich Nhat Hanh

"The uprooting of identity is seen by the noble ones as pleasurable; but this contradicts what the whole world sees." (Snp 3.12)

"To argue with a person who has renounced the use of reason is like administering medicine to the dead" - Thomas Paine

Individual
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Joined: Mon Jan 12, 2009 2:19 am

Re: Buddhist Economics

Postby Individual » Sat Jan 24, 2009 3:17 am

The best things in life aren't things.


Element

Re: Buddhist Economics

Postby Element » Sat Jan 24, 2009 5:06 am


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sherubtse
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Re: Buddhist Economics

Postby sherubtse » Sat Jan 24, 2009 11:19 pm


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Rui Sousa
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Re: Buddhist Economics

Postby Rui Sousa » Sat Jan 24, 2009 11:52 pm

With Metta

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jcsuperstar
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Re: Buddhist Economics

Postby jcsuperstar » Sun Jan 25, 2009 1:35 am

สัพเพ สัตตา สุขีตา โหนตุ

the mountain may be heavy in and of itself, but if you're not trying to carry it it's not heavy to you- Ajaan Suwat

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Dhammanando
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Re: Buddhist Economics

Postby Dhammanando » Sun Jan 25, 2009 6:24 am


chapulincolorado
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Re: Buddhist Economics

Postby chapulincolorado » Sun Jan 25, 2009 7:13 am


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jcsuperstar
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Re: Buddhist Economics

Postby jcsuperstar » Sun Jan 25, 2009 7:18 am

สัพเพ สัตตา สุขีตา โหนตุ

the mountain may be heavy in and of itself, but if you're not trying to carry it it's not heavy to you- Ajaan Suwat

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Jechbi
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Re: Buddhist Economics

Postby Jechbi » Sun Jan 25, 2009 7:19 am



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