Abstract
This chapter looks into the drivers behind some of the challenges and shortcomings of the market economy. In particular, it discusses how an economy driven and motivated by the principle of profit and the principle of rationality could affect our life decision-making and sense of well-being. It also addresses how some of the controversies arisen when principles of the market economy become the prime reasoning and objective behind our daily decisions. The problems of the prevalence of market influence in every domain of human activities are analyzed. In addition to reviewing the need for certain moral limits of markets, this chapter also reflects on the relevance of market in human well-being and happiness.
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Ng, E.C.H. (2020). Drivers Behind the Shortcomings of the Market Economy. 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_4
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