Ethical Principles And Economic Transformation A Buddhist Approach

Buddhism points out that emphasizing individuality and promoting the greatest fulfillment of the desires of the individual conjointly lead to destruction. The book promotes the basic value-choices of Buddhism, namely happiness, peace and permanence. Happiness research convincingly shows that not material wealth but the richness of personal relationships determines happiness. Not things, but people make people happy. Western economics tries to provide people with happiness by supplying enormous quantities of things and today’s dominating business models are based on and cultivates narrow self-centeredness.But what people need are caring relationships and generosity. Buddhist economics makes these values accessible by direct provision. Peace can be achieved in nonviolent ways. Wanting less can substantially contribute to this endeavor and make it happen more easily. Permanence, or ecological sustainability, requires a drastic cutback in the present level of consumption and production globally. This reduction should not be an inconvenient exercise of self-sacrifice. In the noble ethos of reducing suffering it can be a positive development path for humanity.

EDITORS’ INTRODUCTION BACKGROUND This is a great academic solace to see the Volume on Buddhist Approach to Responsible Consumption and Sustainable Development which covers Sub-Theme Five of UNDV 2019 Academic Conference. REVIEW OF CONTENTS The World of Today is suffering from the crisis of consumerism. The first paper on a Buddhist Perspective on Overconsumption and Its Negative Effects towards Society and Environment deals with it specifically in the reference of consumption beyond requirements which is generally termed as overconsumption. Such human tendency leads to negative impact on the entire force of nature and the environment. How the Buddhist principles guide us to live a better life where there is least effect on the environment and society is well explained in this paper. The second paper in this volume, entitled Attaining a Sustainable Society through the Teachings of the Khandhaka of the Theravāda Vinaya Piṭaka is a vivid example of the benefits which one can derive from our ancient Pali literature. While studying the Theravada Vinaya Pitaka, the author explores the specific words of the Buddha in the Khandhaka which hint at the possibility of sustainability and development going together without harming other societal components. Though the Vinaya being a Pitaka for monastics, it still is highly useful for the laity as well. The paper, Buddhist Ethics in the Establishments of Green Tourism is a unique academic contribution. Here, the writer states that the Buddha’s life and principles make us learn a lot as how green methods must be applied in our day-to-day life. The damage being caused by the genre called DEVELOPMENT needs to be controlled and for this, the words of Master exhibits his proximity to protect nature, humanity and the world order.

EDITORS’ INTRODUCTION This volume is a collection of papers presented at the international workshop on “Buddhist Approach to Global Education in Ethics” which is being held on May 13, 2019, at International Conference Center Tam Chuc, Ha Nam, Vietnam on the occasion of the 16th United Nations Day of Vesak Celebrations 2019. The aim is to throw new light on the values of the global ethical system with a focus on the Buddhist approach in deepening our understanding of how Buddhist ethics can deliver a social change in the globalized world. REVIEW OF CONTENTS Prof. P. D. Premasiri in his paper titled “Universally valid ethical norms of Buddhism applicable to global education in ethics” deals with hindrance in determining the basis for global education in ethics and providing undeniable facts about the diversity involved in ethical norms, principles and attitudes of various global communities. The author also discusses the characteristics of Buddhist teaching on a humanistic approach to the moral life with perceptions of enlightened humans, i.e. ‘Knowledgeable Persons’ (vi¤¤å purisà). The paper places further emphasis on the necessity to draw the attention of educators to train the minds of humans on ethical choices in accordance with such decisions. The paper entitled “Teaching Buddhist Ethics through the Life of the Buddha and Jesus” by Abraham Velez De Cea has proposed a new approach to the Buddhist ethical way of teaching and its application through interpretations of the Buddha’s life from the perspective of virtue ethics and meditation. The purpose is to heighten the Buddhist contribution being made to global education in ethical issues. The paper is divided into two parts, Buddhist ethics as a form of virtue ethics and secondly, interpretation of the Buddha’s teachings from the perspective of virtue ethics and meditation.

With an emphasis on cross-cultural understanding, philosopher Padmasiri de Silva shares the Buddhist approach to contemporary ethical issues, such as environmental degradation, racism, workplace relations, violence and suicide. This volume is useful as a guide for students, and as a modern companion to the discourses of the Buddha.

Living in a market-driven economy where short-term profit and economic growth appear to be the ultimate goal, this book explores how Buddhist teachings could bridge the divide between our spiritual and material needs and reconcile the tension between doing good for social interest and doing well for financial success. This book serves as a pioneering effort to systematically introduce Buddhist Economics as an interdisciplinary subject to audience with limited background in either Buddhism or economics. It elaborates some core concepts in Buddhist teachings, their relevance to economics, and means of achieving sustainability for individuals, society and the environment with the cultivation of ethical living and well-being. Through scholarly research from relevant fields including Buddhist studies, economics, behavioral finance, cognitive science, and psychology, this book illustrates the relevance of Buddhist values in the contemporary economy and society, as well as the efficacy of Buddhist perspectives on decision-making in daily life.

The book explores the Deep Ecology perspective and Buddhist Economics for transforming business toward a more ecological and human form. It argues that ecology and ethics provide limits for business within which business is legitimate and productive. By transgressing ecological and ethical limits business activities become destructive and self-defeating. Today's business model is based on and cultivates narrow self-centeredness. Both Deep Ecology and Buddhist Economics point out that emphasizing individuality and promoting the greatest fulfillment of the desires of the individual conjointly lead to destruction. Happiness is linked to wholeness, not to personal wealth. We need to find new ways of doing business, ways that respect the ecological and ethical limits of business activities. Acting within limits provides the hope and promise of contributing to the preservation and enrichment of the world.

The global financial system seems caught in a cycle of boom and bust, instability and scandal. Building on the classic works of E F Schumacher and other kindred spirits, Magnuson provides a Buddhist economics perspective on this recurring pattern and offers new possibilities for change.

Description: 'Religion is a doing and doing what is moral'. In Buddhism, particularly, there is such a great emphasis on moral doing that is very often designated as an 'ethical religion' (silaparaka dharma). The present work seeks to study Buddhist ethics as a development process not only in terms of inner dynamics of Buddhism inherent in its doctrinal and ethical formulations but also in terms of its response to various historical compulsions which motivated its followers to introduce in its general framework novelties of forms and expressions. It is hoped that such an approach would lead to a greater appreciation of Buddhist ethics both as an emergent of a unique spiritual vision and a social force. The book which is divided in six chapters cover the entire range of Buddhist development in India. The work is novel both in its approach and treatment of the subject. It studies conceptual formulations in their proper historical contexts. Modern debates on various ethical problems have been taken into account to bring about greater clarity in discussions.