From greed to wellbeing: a buddhist approach to resolving our economic and financial crises

The global financial system seems caught in a cycle of boom and bust, instability and scandal. Building on the classic works of E F Schumacher and other kindred spirits, Magnuson provides a Buddhist economics perspective on this recurring pattern and offers new possibilities for change.

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Bibliographic Details
Main Author: Magnuson, Joel (Author)
Format: Electronic Book
Language:English
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Published: Bristol, [England] ; Policy Press 2017
In:Year: 2017
Standardized Subjects / Keyword chains:B Buddhism / Economic ethics / Capitalism / Globalization / Financial crisis
RelBib Classification:AX Inter-religious relations
Further subjects:B Economic Policy
B Electronic books
B Industrial policy
Online Access: Volltext (Verlag)
Parallel Edition:Non-electronic
Description
Summary:The global financial system seems caught in a cycle of boom and bust, instability and scandal. Building on the classic works of E F Schumacher and other kindred spirits, Magnuson provides a Buddhist economics perspective on this recurring pattern and offers new possibilities for change.
Intro -- FROM GREED TO WELLBEING -- Contents -- Introduction -- 1. Buddhist economics and the three fires -- "Greed is good" economics -- The Realm of Hungry Ghosts -- Greed, aggression, and delusion -- E.F. Schumacher -- Siddartha's journey -- The middle way -- The four noble truths and the noble eightfold path -- Buddhist economics as lived ethics -- 2. Buddhist economics and socially engaged Buddhism -- Socially engaged Buddhism -- A Buddhist-institutionalist view for action and reflection -- 3. Happiness failing on the world stage -- Gross domestic product -- Alternatives to GDP -- Gross National Happiness -- Bhutan and the United Nations resolution on happiness -- The Rio Plus 20 Failure -- 4. The greed-infected cloud of hot money -- Market populism -- The original purpose of money and financial systems -- Speculation -- Speculation and the recurring pattern of instability -- American-style neoliberalism and more instability -- 5. If the Buddha chaired the Federal Reserve-banking for right livelihood -- America's terrible experiment -- The Greenspan Put and bubble maintenance -- Quantitative easing: the Greenspan Put under another name -- Banking for right livelihood -- Creating right livelihood banks in your communities -- Twelve pathways toward RLBs -- RLB as government utility -- 6. Stepping out of the circle of pathology -- Stepping out and staying in -- The importance of mindfulness -- Mindfulness and meditation -- Mindfulness and social engagement -- Avoiding McMindfulness -- 7. Accepting impermanence -- Inevitable change and impermanence -- Appendix -- Five elements of a Buddhist approach to economics -- Notes -- Glossary -- Index.
ISBN:1447318986