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Buddhist Economics
Buddhist economics is a spiritual and philosophical approach to the study of economics. It examines the psychology of the human mind and the emotions that direct economic activity, in particular concepts such as anxiety, aspirations and self-actualization principles. In the view of its proponents, Buddhist economics aims to clear the confusion about what is harmful and what is beneficial in the range of human activities involving the production and consumption of goods and services, ultimately trying to make human beings ethically mature. The ideology's stated purpose is to "find a middle way between a purely mundane society and an immobile, conventional society." The most fundamental feature of Buddhist economics is seeing "people interdependent with one another and with Nature." Sri Lankan economist Neville Karunatilake wrote that: "A Buddhist economic system has its foundations in the development of a co-operative and harmonious effort in group living. Selfishness and ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bhutan Gross National Happiness
Bhutan, officially the Kingdom of Bhutan, is a landlocked country in South Asia, in the Eastern Himalayas between China to the north and northwest and India to the south and southeast. With a population of over 727,145 and a territory of , Bhutan ranks List of countries and dependencies by area, 133rd in land area and List of countries and dependencies by population, 160th in population. Bhutan is a Democracy, democratic constitutional monarchy with a King of Bhutan, King as the head of state and a Prime Minister of Bhutan, prime minister as the head of government. The Je Khenpo is the head of the state religion, Vajrayana Buddhism. The Himalayas, Himalayan mountains in the north rise from the country's lush subtropical plains in the south. In the Mountains of Bhutan, Bhutanese Himalayas, there are peaks higher than above sea level. Gangkhar Puensum is Bhutan's highest peak and is the highest unclimbed mountain in the world. The wildlife of Bhutan is notable for its diversi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
U Nu
Nu (; ; 25 May 1907 – 14 February 1995), commonly known as Burmese names#Honorifics, U Nu and also by the honorific name Thakin Nu, was a prominent Burmese people, Burmese statesman and the first Prime Minister of Union of Burma. He was educated at Rangoon University, where he developed his political ideas and became actively involved in the student movement. Nu's involvement in the nationalist movement deepened during his university years, and he quickly emerged as a leading figure advocating for Burma's independence from British rule in Burma, British colonial rule. He played a crucial role in the Anti-Fascist People's Freedom League (AFPFL), the primary political organization leading the fight for independence. Following Burma's independence in 1948, Nu became the country's first Prime Minister under the provisions of the 1947 Constitution of Myanmar, Constitution of the Union of Burma. His tenure was marked by efforts to rebuild the war-torn nation, establish democrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Of Living
Standard of living is the level of income, comforts and services available to an individual, community or society. A contributing factor to an individual's quality of life, standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic, societal, political, and environmental matters. Individuals or groups use the standard of living to evaluate where to live in the world, or when assessing the success of society. In international law, an "adequate standard of living" was first described in the Universal Declaration of Human Rights and further described in the International Covenant on Economic, Social and Cultural Rights. To evaluate the impact of policy for sustainable development, different disciplines have defined ''Decent Living Standards'' in order to evaluate or compare relative living experience. During much of its use in economics, improvements to standard of living were thought to be directly connected to eco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross National Product
The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident. In contrast to GDP, GNI is not a concept of value added, but a concept of income. GNI is the basis of calculation of the largest part of contributions to the Budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI. GNI contrast with net national income : NNI = GNI - Depreciation The Atlas method can be applied to correct for fluctuating exchange rates. History and name change The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit Maximization
In economics, profit maximization is the short run or long run process by which a firm may determine the price, input and output levels that will lead to the highest possible total profit (or just profit in short). In neoclassical economics, which is currently the mainstream approach to microeconomics, the firm is assumed to be a " rational agent" (whether operating in a perfectly competitive market or otherwise) which wants to maximize its total profit, which is the difference between its total revenue and its total cost. Measuring the total cost and total revenue is often impractical, as the firms do not have the necessary reliable information to determine costs at all levels of production. Instead, they take more practical approach by examining how small changes in production influence revenues and costs. When a firm produces an extra unit of product, the additional revenue gained from selling it is called the marginal revenue (\text), and the additional cost to produce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Supported Agriculture
Community-supported agriculture (CSA model) or cropsharing is a system that connects producers and consumers within the food system closer by allowing the consumer to subscribe to the harvest of a certain farm or group of farms. It is an alternative socioeconomic model of agriculture and food distribution that allows the producer and consumer to share the risks of farming. The model is a subcategory of civic agriculture that has an overarching goal of strengthening a sense of community through local markets. Community-supported agriculture can be considered as a practice of Commoning. It is an example of community-led management of the production and distribution of goods and services. The organization of food provisioning through commoning is complementary to the horizontal axis of market mediated food provisioning and the verticality of the state distribution and regulation on food. As a model where market agents do not interact solely as competitors but as “members of a co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ahimsa
(, IAST: , ) is the ancient Indian principle of nonviolence which applies to actions towards all living beings. It is a key virtue in Indian religions like Jainism, Buddhism and Hinduism. (also spelled Ahinsa) is one of the cardinal virtues of Jainism, where it is the first of the Jain Ethics, Pancha Mahavrata. It is also one of the central precepts of Hinduism and is the first of the five precepts of Buddhism. is inspired by the premise that all living beings have the spark of the divine spiritual energy; therefore, to hurt another being is to hurt oneself. is also related to the notion that all acts of violence have Karma, karmic consequences. While ancient scholars of Brahmanism had already investigated and refined the principles of , the concept reached an extraordinary development in the ethical philosophy of Jainism. Mahavira, the twenty-fourth and the last of Jainism, further strengthened the idea in . About , Valluvar emphasized and Ethics of eating meat, m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market (economics)
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in Exchange (economics), exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that a market is the process by which the value of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any tradeable item to be evaluated and priced. A market emergence, emerges more or less spontaneous order, spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods. Markets generally supplant Gift economy, gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taṇhā
(from Pāli; ) is an important concept in Buddhism, referring to "thirst, desire, longing, greed", either physical or mental. It is typically translated as craving, and is of three types: ''kāma-taṇhā'' (craving for sensual pleasures), ''bhava-taṇhā'' (craving for existence), and ''vibhava-taṇhā'' (craving for non-existence). ''Taṇhā'' appears in the Four Noble Truths, wherein arises with, or exists together with, '' dukkha'' (dissatisfaction, "standing unstable") and the cycle of repeated birth, becoming and death ('' saṃsāra''). In the Theravāda Abhidhamma teachings, ''taṇhā'' is equivalent to the mental factor ''lobha'' (attachment). Etymology and meaning ''Taṇhā'' is a Pali word, derived from the Vedic Sanskrit word ''tṛ́ṣṇā'' (तृष्णा), which originates from the Proto-Indo-Iranian ''*tŕ̥šnas'', which is related to the root ''tarś-'' (thirst, desire, wish), ultimately descending from Proto-Indo-European ''*ters-'' (dr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Homo Reciprocans
''Homo reciprocans'', or reciprocating human, is the concept in some economic theories of humans as cooperative actors who are motivated by improving their environment through positive reciprocity (rewarding other individuals) or negative reciprocity (punishing other individuals), even in situations without foreseeable benefit for themselves. This concept stands in contrast to the idea of ''homo economicus'', which states the opposite theory that human beings are exclusively motivated by self-interest. However, the two ideas can be reconciled if we assume that utility functions of the ''homo economicus'' can have parameters that are dependent to the perceived utility of other agents (such as one's spouse or children). Kropotkin Russian theorist Peter Kropotkin wrote about the concept of "mutual aid" in the early part of the 20th century. Examples The ''Homo reciprocans'' concept states that human being players interact with a propensity to cooperate. They will compromise in orde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luang Por Dattajivo
Luang Por Dattajivo (, ; ; born 21 December 1940), also known by his birth name Phadet Phongsawat () and former ecclesiastical title Phrarajbhavanajahn (, ), is a Thai Buddhist monk. He is the former deputy-abbot of Wat Phra Dhammakaya and the vice-president of the Dhammakaya Foundation, and was the observing abbot of the temple from 1999 until 2006, and again from 2011 until 2016. he was still widely considered the de facto abbot. He met ''Mae chi'' (nun) Chandra Khonnokyoong and Luang Por Dhammajayo in his student years, and they have been his teachers throughout his life. Luang Por Dattajivo was ordained in 1971, and quickly became a prolific author. He also took on a significant role in managing Wat Phra Dhammakaya. It was for this position that he was charged by the Thai military junta in 2017, when he refused to deliver Luang Por Dhammajayo to the authorities. This happened during the lockdown by the Thai junta, when abbot Luang Por Dhammajayo was sought for charges o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
