The document discusses Buddhist perspectives on economic issues. It introduces the subject of Buddhist economy and analyzes how Buddhism addresses economic crises. It notes that economic issues like poverty can lead to social conflicts and insecurity. The concept of Buddhist economy was first developed in the 20th century based on applying Buddhist ideals like simplicity and non-violence to economic matters rather than solely focusing on profit and production. The document also lists several Buddhist scriptures and teachings relevant to economics.

1. BUDDHISM & ECONMY
Lecture I: Introduction to the Subject of Buddhist Economy
Asst. Prof. Dr. Walmoruwe Piyaratana/Director, BA English Program (Buddhist Studies)

3. The aim of this subject is to seek and analyze the Buddhist teaching in related to on economical
preservation. It is an obvious fact that not only the developing countries but also the countries
believed as already developed are facing economic crisis and the seriousness of crisis seems
increasing day by day. Most critical issue is that to balance this economical condition people do not
hesitate to perform any unethical act. Ill managed economical preservation is one of the reasons to
occur economic crises. When a society experiences such crisis in economy social conflicts arise.
Insecurity within the society is origin due to the social conflict. According to the Buddhism, one of
the main reasons is to occur insecurity in the society is the poverty. Poverty
can be experienced due to many reasons including the impact of less concerning of the
political authority, ill managed economical preservation, etc. In this regard it is important to discuss
the Buddhist perspectives on economical preservation. (Christian Suter, Mark Herkenrath, World
Society in Economic Crisis, Berlin: LIT, 2012)

4. Relevant Discourses
Andhasutta (Tikanipāta) A. I. 129-130
Aṇana Sutta (Catukkanipāta) A. II. 60-70
Ariyavaṃsa Sutta (Catukkanipāta), A. III. 27-29
Accāyika Sutta (Tikanipāta), A. I. 239-240
Atthakāra Sutta A.III. 338
Cakkavatti Sutta D. III. 58-79
Dakkhiṇāvibhaṅga Sutta M. III. 253-258
Iṇa Sutta (Catukkanipāta), A. III. 351-356
Iṭṭhadhamma Sutta (Dasakanipāta) A. VII. 135-136
Kūṭadanta Sutta D. I. 127-149

5. Relevant Discourses
Kāmabhogī Sutta (Chakkanipāta) A. V. 176-183
Mahānāma Sutta (Dasaka Nipata) A. V. 328-332
Mahāgopālaka Sutta M. I. 220-225
Pattakamma Sutta (Catukkanipāta) A. II. 66-69
Puññābhisanda Sutta (Catukkanipāta) A. IV. 245-246
Paṭhama & Dutiya Pāpaṇika Suttas (Tikanipāta), A. I. 115-116
Pahārāda Sutta (Aṭṭhakanipāta), A. V. 198-204
Paṭhama-Dutiya Aputtaka Suttas, S. V. 90-93

6. Relevant Discourses
Sigālaka (sigālovāda) Sutta, D. III. 180-193
Samaṇa Mundika Sutta M. II. 23-29
Sīla Sutta (Tikanipāta) A. III. 252
Veludvāreyya Sutta, S. V. 362-356
Vaḍḍhi Sutta (Dasakanipāta) A. V. 137
Vāṇijja Sutta (Pañcaka Nipāta) A. III. 281
Vyagghapajja Sutta (Aṭṭhakanipāta) A. IV. 281-285

7. Introduction
The study was conducted as a result of focusing on
the contribution of Buddhism in solving the
problems facing by today’s mankind
Even from historical time, people in Buddhist
Countries have maintained every aspect of their
lives in connection with Buddhism

8. Today’s Crises
Environmental Crises
Ethnic Crises
Crises on Mental Depression
Crises on Infectious Diseases
Economic Crises: the gaps between haves and have
nots/poverty/jobless/
Indebtedness/Inflation/
Lack of natural resources

9. Modern Economical Thought
 Two main divisions of modern economy
1. Capitalist Economic Thought 2. Democratic Economic Thought
Adam Smith
(1723 – 1790)
Alfred Marshall
(1842 – 1924)
J.M.Keynes
(1883 – 1946)
Karl Marx
(1818-1883)
Kouatilya or Canakya
( 350-275 B.C.)
Friedrich Engels
(1820-1895)

10. Definition of Economy
‘The system of trade and industry by which the wealth of
a country or region is made and used’ (Cambridge Dictionary)
An economy is the system according to which the money, industry, and
trade of a country or region are organized (Collin’s Dictionary)
The word 'economics' comes from two Greek words, 'eco' meaning home
and 'nomos' meaning accounts. The subject has developed from being
about how to keep the family accounts into the wide-ranging subject of
today.
Economics has grown in scope, very slowly up to the 19th century, but at
an accelerating rate ever since. Today it has many of the features of a
language. It has linguistic roots, grammatical rules, good and bad
constructions, dialects and a wide vocabulary which grows and changes
over time.

11. Is there economic thought in Buddhism?

12. The Concept of Buddhist Economy: History
1911-1977 C.E
Any intelligent fool can make
things bigger, more complex,
and more violent. It takes a
touch of genius and a lot of
courage to move in the opposite
direction.

13. The concept of Buddhist Economics was first developed
by a German economist known as E.F. Schumacher based
on what he experienced while working for the Burmese
government in 1955 as an economic consultant.
Instead of centering only on the percentage of profit and
quantities of production, Schumacher was interested in
the ethical, emotional and spiritual dimensions of work.
The concept of Buddhist Economics applies the divine
ideologies and moral purpose to the aspect of wealth. It
primarily centers on simplicity and non-violence, as well
as the quality of life that people live daily.