What is it about?
This chapter introduces the relevant Buddhist values for business by reviewing the conceptions of Buddhist economics (inter alia, the work of Schumacher, Pryor, Payutto, Inoue, Welford, Daniels, Nelson, Magnuson, Puntasen, Zsolnai, and Brown). Before all, the corresponding teachings of Buddhism are summarized.
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Why is it important?
Buddhist economics reflects the plurality of the Buddhist tradition, and includes three distinct research tracks: (i) the exegetical; (ii) the economics of Buddhism; and (iii) the constructivist. The exegetical research track aims to interpret the original sources of economics-related Buddhist teachings. The economics of Buddhism studies how Buddhist societies and monastic organizations apply economic working models. The constructivist research track aims to construct models, practices, and policies to help today’s economies to function in accordance with the basic teachings of Buddhism.
Perspectives
The paper highlights the relevant Buddhist values for business by reviewing the conceptions of Buddhist economics, namely: simplicity, nonviolence, compassion, moderation, wisdom, responsibility, well-being, mindfulness, interconnectedness, generosity, contentment, and genuine care.
Dr Gábor Kovács
Budapesti Corvinus Egyetem
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This page is a summary of: Buddhist Values in Business, January 2020, Springer Science + Business Media,
DOI: 10.1007/978-3-030-46703-6_4.
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