Buddhist Economics Essay - 1489 Words

Buddhists Economics Ideas of Buddhist economists are foreign to those of western civilization. In a nation where business profit is the number one priority, ethics in Western economics are rarely given the same importance. In Buddha’s Eightfold Path is the principle to Right Livelihood. This means that one must live in such a way that does not bring harm or violence to another being, in all aspects of life, including how one obtains their wealth. This brings about the matters Buddhist feel western economists neglect in their efforts to consume toward happiness. In E.F. Schumacher’s Essay, Buddhist Economics, he contrasts the ideals of Buddhist economists with those of Western economists regarding the issues of the nature of†¦show more content†¦It is important that in order for work to be fulfilling it must contribute to ones character and values. In western economics defense, no matter what the job is if there is a will to find satisfaction and enjoyment in it then this can be accomplished and is up to the individual to find it. By doing so one will be able to find more significance in their work which is what Buddhists economics strives for. As much as one may enjoy their work there is always the desire to get away from it. If you are doing what you love then it is easier to be consumed in it but it is too idealistic to think that someone could always want to be working and never think about leisure time. Modern economists have become lazy and some do prefer leisure time over work, but to say all modern economists think this way would be too broad of a statement and take away from those that do find great meaning in what they do. Work should not be the only source of building character either, activities that one can do without being paid for can bring just as much personal growth. In the essay, the author points out that from the Buddhist point of view machines have the capability of replacing man’s work and in essence taking away from the ir ability to build character. Machines have become important in Western economics and as technology continues to progress so will the presence of machines. Machines have broughtShow MoreRelatedMindfulness And Its Impact On The Workplace Essay1649 Words   |  7 PagesMindfulness has enjoyed its popularity in recent years. Several big companies have used mindfulness to adopted the firms with change of management (Aviles Dent 2015). 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