Essay #1 - Buddhist Economics

Essay #1 - Buddhist Economics - Guerguy 1 Stephen Guerguy...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Guerguy 1 Stephen Guerguy Professor Shaw Bus 186 29 February 2010 Buddhist Economics “The Middle Way,” a path of moderation between the extremes of self-indulgence and self- mortification, is one of the many concepts Buddhists follow in order to achieve nirvana. However, this path is not strongly represented outside of the Buddhist faith, especially when it comes to economics in a capitalist society. In E.F. Schumachers “Buddhist Economics,” the author explores the possibility of the two distinct concepts coupled together. In addition, Schumacher explains how both Buddhism & western economics provide their own interpretation on various topics, including labor, leisure, simplicity, & consumption. Schumacher has three main points throughout his paper. The first is integrated by explaining how modern Buddhist-dominated countries like Burma continue to integrate their ancient religious beliefs into a modern society. According to the Burmese, they can successfully blend “the religious and spiritual values of [their] heritage with the benefits of modern technology.” The author makes a point about how the two conceptual worlds contrast, yet can be successfully combined by the devout followers of the religion. By analyzing how blending modern technology with ancient religion can be done, he states that the world of Buddhism requires economics based off the religion, “just as the modern materialist way of life has brought forth modern economics.” Schumacher then reaches his second point: the concept of labor and leisure. According to Buddhism, one should only work to better himself, as his character is enhanced by his labor. However, this is only to a point. Rather than today’s accepted concept of people selling their labor for a price, Schumacher states that Buddhists believe if work becomes “meaningless, boring, or nerve-wrecking, [it is] little short of criminal.” While work is necessary for a man to develop as it helps his “purification of human character,” leisure is also of equal importance. Schumacher states that
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Guerguy 2 work and leisure are “complementary parts of the same living process.” In other words, in order to
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/08/2010 for the course BUS 186 at San Jose State University .

Page1 / 4

Essay #1 - Buddhist Economics - Guerguy 1 Stephen Guerguy...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online