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Yet in each of these areas and in the area of economic ethics in particular, Chinese Buddhist economic ethics took on new forms.

Sep 19, 2011 · Buddhism and the End of Economic ..

Continuity and Change in the Economic Ethics of Buddhism:

This paper discusses Buddhist economics as a potential future for capitalism
Thus it should not be surprising that in terms of its economic ethics, Japanese Buddhism as a whole generally followed the Chinese pattern and allowed monasteries to engage in such economic activities as land ownership and rental of land for interest income, money lending, pawnshops, sponsorship of guilds and local markets, and even leadership of trade missions to China, all of which were allowed on the doctrinal basis that income from them was to be used for the Three Treasures.

Continuity and Change in the Economic Ethics of Buddhism: ..

Buddhist microeconomics are designed to work on three levels (these determine the true value of any economic activity):
The major ones were generally restricted to the years 1570-1590 under the warlords Oda Nobunaga and Hideyoshi Toyotomi (their purpose being to break the military and economic power of the temples), and those of the 1860s to1870s as a part of Meiji government policy to forcibly separate Shinto and Buddhism and establish the superiority of the Shinto. In Japan also, up until the late sixteenth century the state periodically shifted its support from one Buddhist school to another as earlier schools were judged to have become too powerful, too corrupt, or too connected to previous regimes.

 

Buddhist economic ethics--that is Buddhist ..

In conclusion, you can say that Buddhist economics teaches us to interact economically in life without abandoning one’s Dhamma principles.
When looking for Buddhist economic principles to take us beyond the material comfort and economic security of Chapter 3 and the mental wellbeing of Chapter 4, to attain inner freedom (especially from the defilement of grasping in the mind). What becomes important is economic values and practices which lead to the uprooting of sense-pleasure from the mind. Before looking at microeconomics at the ultimate level, it is first necessary to examine the meaning of the word ‘sensuality’.

When spending, Buddhist economics again diverges from Western Economics, because it advocates spending one’s resources:
Continuities are most evidenton the side of Buddhist teachings in all three countries and in thegeneral trend toward acceptance of lay wealth (and economic inequalities), encouragementof wealth accumulation (as long as by honest means and without attachment tosuch wealth) and the importance put on giving away such wealth to support thesangha and as a way to demonstrate lack of attachment to it.


Buddhist Economics | Journal: My Beliefs and Writings

Instead it was young patriotic samurai and their ethical values based upon an intense nationalism or patriotism expressed toward the person of the Emperor and the nation itself. Moreover, even ascetic-merchant values themselves, as helpful as they were, were less the result of Buddhist lay economic ethics alone than a combination of Buddhist ideas with Confucian thought and values. In this way, it was more the values of "Japanese religion" rather than "Japanese Buddhism" alone which provided the ethic of hard work, loyalty to the state and subservient labor which helped enable the successful implementation of modernization policies initiated by a central government dominated by samurai values of loyalty to Emperor and state.

Hans-Guenter Wagner, Buddhist Economics

At the same time, Buddhism's role was only passively supportive in the sense that Buddhist believers and temples themselves did not lead Japan's modern economic transformation or even encourage its beginning.

Literature Review of Buddhist Economics - P2P …

Such support was positive in the sense that Buddhist temples generally supported the values of diligence and hard work, honest profit­making, a view of labor as "returning benefits" and obedience to state policies of economic modernization.

Gandhi and Buddhist Economics : Articles - On and By …

Such changes in practiced monastic economic ethics reflect the influence of indigenous ways of thinking upon the development of Buddhist ethics in China and Japan.