Ethical Principles and Economic Transformation - A Buddhist Approach

  • Laszlo Zsolnai

Part of the Issues in Business Ethics book series (IBET, volume 33)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Laszlo Zsolnai
      Pages 3-17
  3. Buddhist Ethics Applied to Economics

    1. Front Matter
      Pages 19-19
    2. Julie A. Nelson
      Pages 21-33
    3. Peter Daniels
      Pages 35-60
    4. Juliana Essen
      Pages 61-77
    5. Joel C. Magnuson
      Pages 79-107
  4. Achieving Happiness and Peace

    1. Front Matter
      Pages 109-109
    2. Colin Ash
      Pages 111-131
    3. Sander G. Tideman
      Pages 133-153
    4. Laurens van den Muyzenberg
      Pages 167-179
  5. Conclusion

    1. Front Matter
      Pages 181-181
    2. Laszlo Zsolnai
      Pages 183-196
  6. Back Matter
    Pages 197-213

About this book


Buddhism points out that emphasizing individuality and promoting the greatest fulfillment of the desires of the individual conjointly lead to destruction. The book promotes the basic value-choices of Buddhism, namely happiness, peace and permanence.

Happiness research convincingly shows that not material wealth but the richness of personal relationships determines happiness. Not things, but people make people happy. Western economics tries to provide people with happiness by supplying enormous quantities of things and today’s dominating business models are based on and cultivates narrow self-centeredness.But what people need are caring relationships and generosity. Buddhist economics makes these values accessible by direct provision. Peace can be achieved in nonviolent ways. Wanting less can substantially contribute to this endeavor and make it happen more easily. Permanence, or ecological sustainability, requires a drastic cutback in the present level of consumption and production globally. This reduction should not be an inconvenient exercise of self-sacrifice. In the noble ethos of reducing suffering it can be a positive development path for humanity.


Buddhism Buddhist Economics Business Ethics CSR Caring Relationships Consumer Culture Corporate social responsibility Ecological Sustainability Economic Advancement Economic Sufficiency Economics of Happiness Ethical Planning Foundations of Buddhist Economics Generosity Globally Happiness Happiness Research Happiness and Economics Human Consumption Humanity Individuality Material Wealth Mindfulness Moral Development Nonviolent Organizational renewal Peace Permanence Personal Relationships Positive Development Reduced Comsumption Reduced Production SRI Self-centeredness Self-sacrifice Socially Responsible Investment Sustainability Sustainable Development Tackling Greed Theory of No-Self Transforming Economics and Business Western Economics

Editors and affiliations

  • Laszlo Zsolnai
    • 1
  1. 1.Business Ethics CenterCorvinus University of BudapestBudapestHungary

Bibliographic information

Industry Sectors
Finance, Business & Banking