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2020 | OriginalPaper | Chapter

12. Implications for Business, and for Social and Environmental Change

Author : Ernest C. H. Ng

Published in: Introduction to Buddhist Economics

Publisher: Springer International Publishing

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Abstract

In this final chapter, the implications of Buddhist Economics on individuals, society, and the environment are examined. The central question asked is whether there are practical applications of Buddhist teachings in the market economy. With some examples from different sectors, this chapter assesses the potentials and results of applying Buddhist teachings in contemporary economy and society. A sustainable transformation framework toward Buddhist Economics is also proposed. It involves a six “I”s strategy from individual to integral; from independence to interdependence; and from ignorance to insight.

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previous chapter Making Sustainable Decisions in Daily Life

Adapted from the Serenity Prayer by American theologian Reinhold Niebuhr (1892–1971): “God, grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference.”

See Ng (2018b) for further discussion on Mindfulness and Buddhist Economics in financial market decision-making.

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Title: Implications for Business, and for Social and Environmental Change
Author: Ernest C. H. Ng
Publisher: Springer International Publishing
Book: Introduction to Buddhist Economics
Print ISBN: 978-3-030-35113-7

Electronic ISBN: 978-3-030-35114-4

Copyright Year: 2020
DOI: https://doi.org/10.1007/978-3-030-35114-4_12