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The Reality and Diversity of Buddhist Economics

Bibliographic Data

ID2816147
AuthorsWolfgang Drechsler (0000-0002-2880-329X, corresponding author)
Year2019
Volume78
Issue2
Pages523-560
Publication date2019-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ajes.12271
OpenAlexW2923472494
LanguageEN
Citations received10
References cited43

This essay develops three central points: Buddhist economics (BE), like most religion-based economics, is not only an extrapolation from the basic texts but is also how BE has recently been practiced. Examples of that practice include the application of the concept of "Gross National Happiness" in Bhutan, the implementation of a "sufficiency economy" in Thailand, and action based on the principle of the Unification of King and People in Yogyakarta, Indonesia. BE as a concept comes originally from an outside understanding of Buddhism that entails perspectives that text-based BE might not have. Buddhism, as such, is at odds with standard textbook economics (STE). BE thus potentially forms its own economic paradigm, but BE as practiced often coexists with STE. Discussing these points will hopefully result in seeing that there is considerable diversity within BE and that there is such a thing as real, existing BE that truly does matter

Action (physics) · Buddhism · Diversity (politics) · Economics · Epistemology · Happiness · Odds · Political science · Positive economics · Social science · Sociology · Unification · Anthropology · Computer Science · Indian and Buddhist Studies · Law · Mathematics · Philosophy · Religion and Society Interactions · Southeast Asian Sociopolitical Studies

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Unique citing works10
Citations per year1,43
Citation span2019 - 2026 (8)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 10
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