Buddhist Economics: An Economics of Peace

by Susan Witt, The Canadian, Jan 3, 2007

Toronto, Canada -- It has been fifty years since Fritz Schumacher first published his now classic essay "Buddhist Economics," calling for an economic system informed by simplicity and non-violence.

". . . the Buddhist economist would insist that a population basing its economic life on non-renewable fuels is living parasitically, on capital instead of income. Such a way of life could have no permanence and could therefore be justified only as a purely temporary expedient. As the world's resource of non-renewable fuels--coal, oil, and natural gas--are exceedingly unevenly distributed over the globe and undoubtedly limited in quantity, it is clear that their exploitation at an ever-increasing rate is an act of violence against nature which must almost inevitably lead to violence between men."

Schumacher was thus persuaded that the most rational form of production is from local resources for local needs. Work is not something to avoid but "blesses those who do it" when conducted in conditions of human dignity and freedom, so favouring a system of full employment.

"Buddhist Economics" is a simple reminder that our economic systems should reflect our highest aspirations as a culture--whether we find the source of those aspirations in religion, philosophy, our communion with nature, or our sympathy with others.

In the midst of the crushing effects of the global economy on local communities and the people and ecology of those communities, Schumacher's essay challenges us to imagine another kind of economic future--an economics of peace. That imagining is the first step to implementation.


Please support to keep NORBU going:



For Malaysians and Singaporeans, please make your donation to the following account:

Account Name: Bodhi Vision
Account No:. 2122 00000 44661
Bank: RHB

The SWIFT/BIC code for RHB Bank Berhad is: RHBBMYKLXXX
Address: 11-15, Jalan SS 24/11, Taman Megah, 47301 Petaling Jaya, Selangor
Phone: 603-9206 8118

Note: Please indicate your name in the payment slip. Thank you.


We express our deep gratitude for the support and generosity.

If you have any enquiries, please write to: editor@buddhistchannel.tv


TOP