View More View Less
  • 1 Corvinus University of Budapest Business Ethics Center Budapest Hungary
Restricted access

The paper explores Buddhist economics as a major alternative to the Western economic mindset. Buddhism is centred on want negation and purification of the human character. Buddhist economics, developed by Schumacher, Payutto, Welford and others, challenges the basic principles of modern Western economics: (1) profit-maximisation, (2) cultivating desires, (3) introducing markets, (4) instrumental use of the world, and (5) self-interest-based ethics. Buddhist economics proposes alternative principles such as minimising suffering, simplifying desires, non-violence, genuine care, and generosity. It is suggested that Buddhist economics is not a system but a strategy, which can be applied in any economic setting.

  • Bouckaert, L. — Opdebeeck, H. — Zsolnai, L. (eds) (2007): Frugality: Rebalancing Material and Spiritual Values in Economic Life . Oxford: Peter Lang Academic Publishers.

    '', in Frugality: Rebalancing Material and Spiritual Values in Economic Life , (2007 ) -.

  • Bowles, S. (2004): Microeconomics. Behavior, Institutions, and Evolution . Princeton-Oxford: Russell Sage Foundation, New York and Princeton University Press.

    Bowles S. , '', in Microeconomics. Behavior, Institutions, and Evolution , (2004 ) -.

  • Douthwaite, R. (1996): Short Circuit. Strengthening Local Economics for Security in an Unstable World . The Lilliput Press.

  • Elster, J. (1985): Introduction. In: Elster, J. (ed.): The Multiple Self . Cambridge: Cambridge University Press, 1–34.

    Elster J. , '', in The Multiple Self , (1985 ) -.

  • Frank, R. (2004): Can Socially Responsible Firms Survive in Competitive Environments? In: What Price the Moral High Ground? Ethical Dilemmas in Competitive Environments . Princeton-Oxford: Princeton University Press.

    Frank R. , '', in What Price the Moral High Ground? Ethical Dilemmas in Competitive Environments , (2004 ) -.

  • Grof, S. (1998): The Cosmic Game. Explorations of the Frontiers of Human Consciousness . Albany: State University of New York Press.

    Grof S. , '', in The Cosmic Game. Explorations of the Frontiers of Human Consciousness , (1998 ) -.

  • Kahneman, D. — Tversky, A. (1979): Prospect Theory: An Analysis of Decision Under Risk. Econometrica , (March): 263–291.

  • Kasser, T. (2002): The High Price of Materialism . Cambridge, MA — London: MIT Press.

    Kasser T. , '', in The High Price of Materialism , (2002 ) -.

  • Kolm, S-C. (1985): The Buddhist theory of “no-self”. In: Elster, J. (ed.): The Multiple Self . Cambridge: Cambridge University Press, 233–265.

    Kolm S.-C. , '', in The Multiple Self , (1985 ) -.

  • Lane, R. E. (1998): The Joyless Market Economy. In: Ben-Ner, A. — Putterman, L. (eds): Economics, Values, and Organizations . Cambridge: Cambridge University Press, 461–488.

    Lane R. E. , '', in Economics, Values, and Organizations , (1998 ) -.

  • Payutto, P. A. (1994): Buddhist Economics. A Middle Way for the Market Place . http://www.geocities.com/Athens/Academy/9280/payutto.htm/

  • Polanyi, K. (1946): The Great Transformation. Origins of our Time . London: Victor Gollancz Ltd.

    Polanyi K. , '', in The Great Transformation. Origins of our Time , (1946 ) -.

  • Schumacher, E. F. (1973): Small is Beautiful. Economics as if People Mattered . Abacus.

  • Tversky, A. — Kahneman, D. (1992): Advances in Prospect Theory: Cumulative Representation of Uncertainty. Journal of Risk and Uncertainty , 297–323.

  • Varela, F. J. (1999): Ethical Know-How. Action, Wisdom, and Cognition . Stanford: Stanford University Press.

    Varela F. J. , '', in Ethical Know-How. Action, Wisdom, and Cognition , (1999 ) -.

  • Welford, R. (2006): Tackling Greed and Achieving Sustainable Development. In: Zsolnai, L. — Johannessen Ims, K. (eds): Business within Limits: Deep Ecology and Buddhist Economics . Oxford: Peter Lang Publisher, 25–52.

    Welford R. , '', in Business within Limits: Deep Ecology and Buddhist Economics , (2006 ) -.

  • Zadek, S. (1997): Towards a Progressive Buddhist Economics. In: Watts, J. — Senauke, A. — Bhikku, S. (eds): Entering the Realm of Reality: Towards Dharmmic Societies . Bangkok: INEB, 241–273.

    Zadek S. , '', in Entering the Realm of Reality: Towards Dharmmic Societies , (1997 ) -.

  • Zsolnai, L. — Gasparski, W. (eds) (2002): Ethics and the Future of Capitalism . New Brunswick-London: Transaction Publishers.

    Gasparski W. , '', in Ethics and the Future of Capitalism , (2002 ) -.

The author instruction is available in PDF.
Please, download the file from HERE.
 
The Open Access statement together with the description of the Copyright and License Policy are available in PDF.
Please, download the file from HERE.

Editor-in-chief: Balázs SZENT-IVÁNYI

Co-Editors:

  • Péter MARTON (Corvinus University, Budapest)
  • István KÓNYA (Corvinus University, Budapest)
  • László SAJTOS (The University of Auckland)
  • Gábor VIRÁG (University of Toronto)

Associate Editors:

  • Tamás BOKOR (Corvinus University, Budapest)
  • Sándor BOZÓKI (Corvinus University Budapest)
  • Bronwyn HOWELL (Victoria University of Wellington)
  • Hintea CALIN (Babeş-Bolyai University)
  • Christian EWERHART (University of Zürich)
  • Clemens PUPPE (Karlsruhe Institute of Technology)
  • Zsolt DARVAS (Bruegel)
  • Szabina FODOR (Corvinus University Budapest)
  • Sándor GALLAI (Corvinus University Budapest)
  • László GULÁCSI (Óbuda University)
  • Dóra GYŐRFFY (Corvinus University Budapest)
  • György HAJNAL (Corvinus University Budapest)
  • Krisztina KOLOS (Corvinus University Budapest)
  • Alexandra KÖVES (Corvinus University Budapest)
  • Lacina LUBOR (Mendel University in Brno)
  • Péter MEDVEGYEV (Corvinus University Budapest)
  • Miroslava RAJČÁNIOVÁ (Slovak University of Agriculture)
  • Ariel MITEV (Corvinus University Budapest)
  • Éva PERPÉK (Corvinus University Budapest)
  • Petrus H. POTGIETER (University of South Africa)
  • Sergei IZMALKOV (MIT Economics)
  • Anita SZŰCS (Corvinus University Budapest)
  • László TRAUTMANN (Corvinus University Budapest)
  • Trenton G. SMITH (University of Otago)
  • György WALTER (Corvinus University Budapest)
  • Zoltán CSEDŐ (Corvinus University Budapest)
  • Zoltán LŐRINCZI (Ministry of Human Capacities)

Society and Economy
Institute: Corvinus University of Budapest
Address: Fővám tér 8. H-1093 Budapest, Hungary
Phone: (36 1) 482 5406
E-mail: balazs.szentivanyi@uni-corvinus.hu

Indexing and Abstracting Services:

  • DOAJ
  • International Bibliographies IBZ and IBR
  • International Political Science Abstracts
  • JSTOR
  • SCOPUS
  • RePEc
  • Referativnyi Zhurnal

 

2019  
Scimago
H-index
10
Scimago
Journal Rank
0,228
Scimago
Quartile Score
Business and International Management Q3
Economics, Econometrics and Finance (miscellaneous) Q3
Industrial Relations Q3
Public Administration Q3
Sociology and Political Science Q3
Strategy and Management Q3
Scopus
Cite Score
87/110=0,8
Scopus
Cite Score Rank
Business and International Management 286/394 (Q3)
General Economics, Econometrics and Finance 125/228 (Q3)
Industrial Relations 38/58 (Q3)
Public Administration 114/157 (Q3)
Sociology and Political Science 645/1243 (Q3)
Strategy and Management 330/427 (Q4)
Scopus
SNIP
0,308
Scopus
Cites
132
Scopus
Documents
22

 

Society and Economy
Publication Model Gold Open Access
Submission Fee none
Article Processing Charge 900 EUR/article
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Sufficient number of full waiver available. Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription Information Gold Open Access
Purchase per Title  

Society and Economy
Language English
Size B5
Year of
Foundation
1972
Publication
Programme
2021 Volume 43
Volumes
per Year
1
Issues
per Year
4
Founder Budapesti Corvinus Egyetem
Founder's
Address
H-1093 Budapest, Hungary Fővám tér 8.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 1588-9726 (Print)
ISSN 1588-970X (Online)