what is buddhist economy plz ans in short atleast 150 words
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The keynote of Buddhist economics is simplicity and non-violence. ... For the modern economist this is very difficult to understand. He is used to measuring the "standard of living" by the amount of annual consumption, assuming all the time that a man who consumes more is "better off" than a man who consumes less. A Buddhist economist would consider this approach excessively irrational: since consumption is merely a means to human well-being, the aim should be to obtain the maximum of well being with the minimum of consumption.
E.F. Schumacher, Small is Beautiful: Economics as if People Mattered, 1973.
The economic system described by E.F. Schumacher revolves around the quality of life of everyday people. Work is meant to be meaningful and creative, not a source of stress and distaste. Machines are used to improve a person's work, but not to replace it, or make it boring. Recreation is found more in the spending of time with friends and in nature, rather than in the consumption of resources. The economy is measured by the health and creativity of its members as much as by the amount of things it produces and consumes.
E.F. Schumacher, Small is Beautiful: Economics as if People Mattered, 1973.
The economic system described by E.F. Schumacher revolves around the quality of life of everyday people. Work is meant to be meaningful and creative, not a source of stress and distaste. Machines are used to improve a person's work, but not to replace it, or make it boring. Recreation is found more in the spending of time with friends and in nature, rather than in the consumption of resources. The economy is measured by the health and creativity of its members as much as by the amount of things it produces and consumes.
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