Skip to content

Western Economics versus Buddhist Economics

In his paper “Western Economics versus Buddhist Economics” Laszlo Zsolnai (Society and Economy (2007, No. 3. pp. pp. 145-153) presents Buddhist Economics as a major alternative to the currently dominating Western economic mindset.

Zsolnai argues that Buddhist Economics proposes alternative principles such as minimizing suffering, simplifying desires, nonviolence, genuine care, and generosity. He suggested that Buddhist Economics is not a system but rather a strategy, which can be applied in many economic settings.