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Ethical Principles and Economic Transformation

The book “Ethical Principles and Economic Transformation—A Buddhist Approach” edited by Laszlo Zsolnai, was published in 2011 by Springer. The book presents new contributions of Buddhist economics to pressing socioeconomic problems.

Buddhism highlights that conjointly emphasizing individuality and promoting the greatest fulfillment of the desires of the individual leads to destruction. The book promotes the basic value-choices of Buddhism; namely happiness, peace and ecological preservation. It emphasizes that wanting less can substantially contribute to the happiness of people and the health of the planet. Ecological sustainability requires a drastic cutback in the present level of global consumption and production. This reduction should not be an inconvenient exercise in self-sacrifice. According to the noble “ethos” of reducing suffering of all sentient beings it can be a positive path of development for humanity.