In the tradition of E. F. Schumacher's Small Is Beautiful, renowned economist Clair Brown argues persuasively for a new economics built upon equality, sustainability, and right living. "Buddhist Economics will give guidance to all those who seek peace, fairness, and environmental sustainability." —Jeffrey Sachs, author of The Age of Sustainable Development. Traditional economics measures the ways in which we spend our income, but doesn't attribute worth to the crucial human interactions that give our lives meaning. Clair Brown, an economics professor at U.C. Berkeley and a practicing Buddhist, has developed a holistic model, one based on the notion that quality of life should be measured by more than national income. Brown advocates an approach to organizing the economy that embraces rather than skirts questions of values, sustainability, and equity. Complementing the award-winning work of Jeffrey Sachs and Bill McKibben, and the paradigm-breaking spirit of Amartya Sen, Robert Reich, and Thomas Piketty, Brown incorporates the Buddhist emphasis on interdependence, shared prosperity, and happiness into her vision for a sustainable and compassionate world. Buddhist economics leads us to think mindfully as we go about our daily activities, and offers a way to appreciate how our actions affect the well-being of those around us. By replacing the endless cycle of desire with more positive collective activities, we can make our lives more meaningful as well as happier. Inspired by the popular course Professor Brown teaches at U.C. Berkeley, Buddhist Economics represents an enlightened approach to our modern world infused with ancient wisdom, with benefits both personal and global, for generations to come.

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 Wisdom of Sustainability: Buddhist Economics for the 21st Century" continues E. F. Schumacher's groundbreaking work on Buddhist economics in " Small Is Beautiful: Economics as if People Mattered." Emphasizing small-scale, indigenous, sustainable alternatives to globalization, Sulak offers hope and alternatives for restructuring our economies based on Buddhist principles and personal development. Sulak Sivaraksa is one of Asia's leading social thinkers and activists. His wide-ranging work includes founding the International Network of Engaged Buddhists and dozens of other educational and political grassroots organizations, and authoring more than 100 books in Thai and English, including " Seeds of Peace: A Buddhist Vision for Renewing Society. " He was nominated twice for the Nobel Peace Prize and, in 1995, received the Right Livelihood Award, known as the alternative Nobel Peace Prize. "Sulak Sivaraksa and I share a conviction that if we are to solve human problems, economic and technological development must be accompanied by an inner spiritual growth." -H.H. the Dalai Lama "Sulak is one of the heroes of our time, offering deep wisdom and refreshingly sane alternatives to the earth-destroying religions of consumerism, greed, and exploitation." -Joanna Macy, author of " World as Lover, World as Self" "With the crash of the economy, the question of alternatives to the current economic model has become extremely urgent. Sulak Sivaraksa has been in the forefront of developing a thoroughgoing critique of consumerism." -Walden Bello, author of " Deglobalization: Ideas for a New World Economy"

Although Buddhism is known for emphasizing the importance of detachment from materiality and money, in the last few decades Buddhists have become increasingly ensconced in the global market economy. The contributors to this volume address how Buddhists have become active participants in market dynamics in a global age, and how Buddhists and non-Buddhists alike engage Buddhism economically. Whether adopting market logics to promote the Buddha’s teachings, serving as a source of semantics and technologies to maximize company profits, or reacting against the marketing and branding of the religion, Buddhists in the twenty-first century are marked by a heightened engagement with capitalism. Eight case studies present new research on contemporary Buddhist economic dynamics with an emphasis on not only the economic dimensions of religion, but also the religious dimensions of economic relations. In a wide range of geographic settings from Asia to Europe and beyond, the studies examine institutional as well as individual actions and responses to Buddhist economic relations. The research in this volume illustrates Buddhism’s positioning in various ways—as a religion, spirituality, and non-religion; an identification, tradition, and culture; a source of values and morals; a world-view and way of life; a philosophy and science; even an economy, brand, and commodity. The work explores Buddhism’s flexible and shifting qualities within the context of capitalism, and consumer society’s reshaping of its portrayal and promotion in contemporary societies worldwide.

Buddhist monasteries in medieval China employed a variety of practices to ensure their ascendancy and survival. Most successful was the exchange of material goods for salvation, as in the donation of land, which allowed monks to spread their teachings throughout China. By investigating a variety of socioeconomic spaces produced and perpetuated by Chinese monasteries, Michael J. Walsh reveals the "sacred economies" that shaped early Buddhism and its relationship with consumption and salvation. Centering his study on Tiantong, a Buddhist monastery that has thrived for close to seventeen centuries in southeast China, Walsh follows three main topics: the spaces monks produced, within and around which a community could pursue a meaningful existence; the social and economic avenues through which monasteries provided diverse sacred resources and secured the primacy of Buddhist teachings within an agrarian culture; and the nature of "transactive" participation within monastic spaces, which later became a fundamental component of a broader Chinese religiosity. Unpacking these sacred economies and repositioning them within the history of religion in China, Walsh encourages a different approach to the study of Chinese religion, emphasizing the critical link between religious exchange and the production of material culture.

'An original, insightful, and provocative evaluation of our economic situation today. If you wonder about the social implications of Buddhist teachings, this is an essential book.' David Loy, author Money, Sex, War, Karma. 'Lays bare the pernicious consequences of corporate capitalism and draws forth from Buddhism suggestions for creating benign alternatives conducive to true human flourishing.' Bhikkhu Bodhi, editor In the Buddha's Words. After his Enlightenment the Buddha set out to help liberate the individual and create a society free from suffering. The economic resources now exist to offer everyone decent food, shelter, work and leisure, to allow us to fulfil our potential as human beings. What is it in modern capitalism which prevents that? Can Buddhism build something better than our current economic system? Vaddhaka Linn explores these questions by examining our economic world from the moral standpoint of the Buddha.