Laszlo Zsolnai Corvinus University of Budapest & Buddhist Economics Research Platform Western...

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Transcript of Laszlo Zsolnai Corvinus University of Budapest & Buddhist Economics Research Platform Western...

  • Laszlo ZsolnaiCorvinus University of Budapest & Buddhist Economics Research Platform

    Western Economics versus Buddhist Economics

    Buddhist Values in Business and its Potential for EuropeNovember 24-25, 2012Brussels, Belgium

  • The Problem of the SelfBuddhism challenges the Western conception of the self. The no-self, anatta

    Thomas Schelling Western economics is an ego-nomical framework.

  • Principles of Western EconomicsProfit-makingGenerating desiresIntroducing marketsInstrumental use of all creaturesStrategic philanthropy

  • Principles of Buddhist Economics (1) Minimize suffering of human and non-human beings.Sentient beings are more sensitive to lossesthan to gains.

  • Principles of Buddhist Economics (2)

    Simplifying desires Materialistic valueorientation destroys well-being.

  • Principles of Buddhist Economics (3)Practicing non-violence(ahimsa) Market-driven violence in society and nature.

  • Principles of Buddhist Economics (4)Genuine care

    Responsible organizations can be rewarded for thehigher cost of caring.

  • Principles of Buddhist Economics (5)Generosity giving without expecting any return

    Homo reciprocanspeople tend to reciprocatewhat they get and oftengive back more

  • Western Economics versus Buddhist Economics

    Western economics represents a maximizing framework. It wants to maximize profit, desires, market, instrumental use, and self-interest.

    Buddhist economics represents a minimizing framework where suffering, desires, violence, instrumental use, and self-interest have to be minimized.

    biger is better more is more

    small is beautifulless is more

  • Buddhist Economics is not a system but a universal problem-solvingstrategy.

  • Promising projects in the Westlocal, organic food (CSA)energy-independent householdscar-free citiesethical fashionholistic healingethical banking fair trade

  • No-self &compassion