economics

A Quote by Stephen Batchelor on mindfulness, consumerism, spirituality, and economics

Today, however, as we live and work in a world of far greater complexity, where the apparently simple acts of buying and selling have repercussions on people's lives around the world, the ethics of right livelihood must be accordingly reevaluated. The implications of even driving a car or drinking a cup of coffee have social, environmental, and economic consequences far beyond the limits of our immediate experience, which we are morally obligated to take into account. From this perspective, inner spiritual transformation is just as dependent upon the effect of our economic life upon the world as transformations in the world are dependent upon spiritual re-orientation.

Stephen Batchelor

Source: The Practice of Generosity

Contributed by: Siona

A Quote by Tom Beaudoin on spiritual economics, spirituality, economics, god, and faith

Jesus is most clearly God’s economist when he talks about life’s big questions, such as the sense God makes of human life. When Jesus talks explicitly about God’s final judgment on out lives – which he rarely does – he continually refers not to sexual issues; not to proper deference to a pastor, bishop or pope; not to the inerrancy of scripture; not to membership in a church; not to himself as my personal Lord and savior; not to right ritual. He continually refers to economic spirituality. Jesus clearly made economic spirituality in everyday life the ultimate expression of faithfulness to God.

Tom Beaudoin

Source: Consuming Faith: Integrating Who We Are with What We Buy, Pages: 23

Contributed by: Siona

A Quote by Patricia Aburdene on money, conscious capitalis, economics, information economy, and era

In Megatrends, published in 1982, John Naisbitt and I talked about the birth of the Information Economy. For millennia, the West’s developed economies had been based on agriculture. That was how people made their living. Then came the Industrial Revolution. Sometime in the 1960s or 1970s, we argued, another, more subtle upheaval occurred: More and more people held jobs in which they created, processed or manipulated information.

By 1982, the Information Economy was up and running, but it was still a controversial idea. “Information?” some folks scoffed. “There can’t possibly be any economic value in that.” But by the 1990s, the Information Economy had blossomed into the age of high technology, now a trillion-dollar industry.

Today we are on the brink of another extraordinary revolution. The Information Age is already over and an exciting new epoch is taking its place.

Remember, the key point is this: When wealth is derived from a new source — say information rather than industry — a new economic era is born.

Patricia Aburdene

Source: Megatrends 2010: The Rise of Conscious Capitalism

Contributed by: Siona

A Quote by Robert Francis Kennedy on economics, children, health, violence, nuclear weapons, nature, and values

Too much and too long, we seem to have surrendered community excellence and community values in the mere accumulation of material things. Our gross national product...if we should judge American by that - counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for those who break them. It counts the destruction of our redwoods and the loss of our natural wonder in chaotic sprawl. It counts napalm and the cost of a nuclear warhead, and armored cars for police who fight riots in our streets. It counts Whitman's rifle and Speck's knife, and the television programs which glorify violence in order to sell toys to our children.

Yet the gross national product does not allow for the health of our children, the quality of their education, or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages; the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage; neither our wisdom nor our learning; neither our compassion nor our devotion to our country; it measures everything, in short, except that which makes life worthwhile. And it tells us everything about America except why we are proud that we are Americans.

Robert F. Kennedy (1925 - 1968)

Source: Address, University of Kansas, Lawrence, Kansas, March 18, 1968.

Contributed by: Joshua

A Quote by Ven Payutto on production, consumption, economics, and buddhist

The word "production" is misleading. We tend to think that through production new things are created, when in fact it is merely changes of state which are effected. One substance or form of energy is converted into another. These conversions entail the creation of a new state by the destruction of an old one. Thus production is always accompanied by destruction. In some cases the destruction is acceptable, in others it is not. Production is only truly justified when the value of the thing produced outweighs the value of that which is destroyed. In some cases it may be better to refrain from production. This is invariably true for those industries whose products are for the purpose of destruction. In weapons factories, for example, non-production is always the better choice. In industries where production entails the destruction of natural resources and environmental degradation, non-production is sometimes the better choice. To choose, we must distinguish between production with positive results and production with negative results; production that enhances well-being and that which destroys it.

Ven Payutto

Source: Buddhist Economics: A Middle Way for the Market Place

Contributed by: Siona

A Quote by Ven Payutto on happiness, buddhism, sevice, economics, views, and progress

This begs the question: what view of life is behind modern economics? Is it a skillful or an unskillful one? At the risk of oversimplifying, let us say that the goal of modern life is to find happiness. This view is so pervasive in modern societies that it is rarely even recognized, let alone examined or questioned. The very concept of "progress" -- social, economic, scientific and political -- assumes that society's highest goal is to reach a state where everyone will be happy. The United States Declaration of Independence poetically embodies this ideal by asserting mankind's right to "life, liberty and the pursuit of happiness."


While certainly a good-hearted aspiration, the view that happiness is the goal of life betrays a fundamental confusion about the truth of life. "Happiness" is never more than an ill-defined, elusive quality. Many people equate happiness with sense pleasure and the satisfaction of their desires. For these people, happiness remains a remote condition, something outside themselves, a future prize that must be pursued and captured. But happiness cannot be obtained through seeking, only through bringing about the causes and conditions which lead to it, and these are personal and mental development.

Ven Payutto

Source: Buddhist Economics: A Middle Way for the Market Place

Contributed by: Siona

A Quote by Ven Payutto on happiness, buddhism, sevice, and economics

Buddhism makes a distinction between two kinds of happiness: dependent happiness and independent happiness. Dependent happiness is happiness that requires an external object. It includes any happiness contingent on the material world, including wealth, family, honor and fame. Dependent happiness, being dependent on things that can never be ours in an ultimate sense, is fickle and uncertain.

Independent happiness, on the other hand, is the happiness that arises from within a mind that has been trained and has attained some degree of inner peace. Such a happiness is not dependent on externals and is much more stable than dependent happiness.

Dependent happiness leads to competition and conflict in the struggle to acquire material goods. Any happiness arising from such activity is a contentious kind of happiness. There is, however, a third kind of happiness which, while not as exalted as the truly independent kind, is nevertheless more skillful than the contentious kind. It is a happiness that is more altruistically based, directed toward well-being and motivated by goodwill and compassion. Through personal development, people can appreciate this truer kind of happiness -- the desire to bring happiness to others (which in Buddhism we call metta). With this kind of happiness, we can experience gladness at the happiness of others, just as parents feel glad at the happiness of their children. This kind of happiness might be called "harmonious happiness," as distinct from the contentious kind of happiness. It is less dependent on the acquisition of material goods and arises more from giving than receiving. Although such happiness is not truly independent, it is much more skillful than the happiness resulting from selfish acquisition.

Ven Payutto

Source: Buddhist Economics: A Middle Way for the Market Place

Contributed by: Siona

A Quote by Ven Payutto on economics, wealth, materialism, marxist, buddhism, possessions, and livelihood

For the individual, the objective of livelihood is to acquire the four necessities or requisites of human existence: food, clothing, shelter, and medicine. Again, the acquisition of these four requisites, be it in sufficient amount or in surplus, is not the ultimate objective. The four requisites are merely a foundation upon which efforts to realize higher objectives can be based.

Some people are content with few possessions and need only a minimum to devote their energies to mental and spiritual development. Others cannot live happily on such a small amount; they are more dependent on material goods. As long as their livelihood does not exploit others, however, Buddhism does not condemn their wealth. Moreover, people who are charitably inclined can use their wealth in ways that are beneficial for society as a whole.

In opposition to contemporary urban values, Buddhism does not measure a person's or nation's worth by material wealth. Nor does it go to the opposite extreme, as do Marxist thinkers, and condemn the accumulation of wealth as an evil in and of itself. Instead, Buddhism judges the ethical value of wealth by the ways in which it is obtained, and the uses to which it is put.

Ven Payutto

Source: Buddhist Economics: A Middle Way for the Market Place

Contributed by: Siona

A Quote by Ven Payutto on meditation, economics, development, and morality

With meditation, we gain perspective on our motivations: we sharpen our awareness and strengthen free will. Thus, when it comes to making economic decisions, decision about our livelihood and consumption, we can better resist compulsions driven by fear, craving, and pride and choose instead a moral course that aims at true well-being. In this way, we begin to see how mental factors form the basis of all economic matters, and we realize that the development of this kind of mental discernment leads the way to true economic and human development.

Ven Payutto

Source: Buddhist Economics: A Middle Way for the Market Place

Contributed by: Siona

A Quote by Gerard Berthoud on economics and market system

Paradoxically, perhaps, the actual obstacles to solving the world's most acute problems are less the cultural traditions of a large number of peoples than our own ingrained belief that the boundless progress which results from technology and the market can somehow liberate us from nature and society.

Gerard Berthoud

Source: Buddhisn and Poverty by David Loy at: http://www.zen-occidental.net/articles1/loy1.html

Contributed by: Ryan

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