Wednesday, February 11, 2009
Buddhist Economics vs Western Economics
Buddhist Economics: A Comparison of Buddhist and Northern Attitudes Towards the Economy
| Buddhist | Western |
Labour | Seek right to livelihood in order to develop one’s faculties and to contribute to society in a way that reflects well on oneself. | A disutility, to be eliminated (the employer wishes output without workers; the employee, income without work). |
Leisure | Is complementary to work; both are necessary. | Leisure is preferable to work. |
Technology | Tools are to help humans do creative work. | Technology is a means for abolishing human work. |
Trade | A sign of local economic imbalance and failure. | A sign of economic progress. |
Goal of Life | To perfect one’s character through good work which nourishes the spirit. | To accumulate wealth to satisfy unlimited wants. |
Unemployment | Is unacceptable; all who want jobs should have them; mothering is a socially-esteemed profession. | Is tolerable; one who is not employed is probably lazy; mothering is not socially useful work, since it is not paid. |
Nature of Work | Should be simple, non-violent, sparing of resources, uses local materials, and provide satisfaction. | Is energy consuming, high pressure, competitive, anxiety-creating; often employs imported materials. |
Quality of Life | Consumption is incidental to living; attachment to wealth interferes with satisfaction; one’s role is to blend with the environment, to protect it and to revere life. | Consumption levels measure standard of living; nature is to be conquered and controlled; one should consume whatever comes to hand – one is a fool not to. |
Material Goods | Should be simple, long-lasting, beautiful, unique, and as few as possible to live well. | Should be complex, mass-produced, cheaply made, short-lived, and as numerous as possible. |
[Source: Excerpt from Clark, M. E. (1989). Ariadne’s thread: The search for new modes of thinking. (p. 146). Basingstoke, UK: Macmillan.]