Buddhist Economics

Somdet Phra Buddhaghosacariya (P. A. Payutto)

Limitations of Economic Theory in the Industrial Age

(1) Specialization

(2) Not free of ethics, but inattentive to them

(3) Unable to be a science, but wanting to be one

(4) Lack of clarity in its understanding of human nature

(a) Want

(b) Consumption

(c) Work and working

(d) Competition & Cooperation

(e) Contentment and Consumerism

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