Buddist Economics by Prayudh Pyutto

By Prayudh Pyutto

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The Buddhist perspective is that the benefit of goods and services lies in their ability to provide the consumer with a sense of satisfaction at having enhanced the quality of his or her life. There has tr, be that extra clause. All definitions, whether of goods, services, wealth or whatever, must be modified in this way. Not harming oneself or others. A further meaning of the term 'just the right amount' is of not harming oneself or others. This is another important principle and one that is used in Buddhism as the basic criterion of right action, not only in relation to consumption, but for all human activity.

What's more, praise is sometimes given to monks who only eat once a day. Economics, on the other hand, would praise those who eat the most; those who eat three or four times a day. If someone were to eat ten times a day, so much the better. But in Buddhism, given that eating once a day is enough to meet the need for true well-being, then those monks who do so are praised. It's not that getting down to eating one meal a day is the goal of course. If one didn't do anything afterwards to make use of that frugality then it wouldbe pointless, just a way of mistreating oneself.

They may be included in the phrase harming oneself and harming others, and are a major problem for mankind. Technology I would like to digress a little at this point and say something about technology. The question may be asked as to what our understanding of technology is. In Buddhism, or particularly in Buddhist economics, technology is defined as the means to extend the range of human faculties. We possess eyes, ears, a nose, a tongue, a body, and a mind-these are our sense faculties, and they are limited in use.

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