Abstract
In this final chapter, the implications of Buddhist Economics on individuals, society, and the environment are examined. The central question asked is whether there are practical applications of Buddhist teachings in the market economy. With some examples from different sectors, this chapter assesses the potentials and results of applying Buddhist teachings in contemporary economy and society. A sustainable transformation framework toward Buddhist Economics is also proposed. It involves a six “I”s strategy from individual to integral; from independence to interdependence; and from ignorance to insight.
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Notes
- 1.
Adapted from the Serenity Prayer by American theologian Reinhold Niebuhr (1892–1971): “God, grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference.”
- 2.
See Ng (2018b) for further discussion on Mindfulness and Buddhist Economics in financial market decision-making.
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Ng, E.C.H. (2020). Implications for Business, and for Social and Environmental Change. In: Introduction to Buddhist Economics. Studies in Buddhist Economics, Management, and Policy. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-35114-4_12
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