E.F. Schumacher on Buddhist Economics

by Mark T. Mitchell on July 23, 2009 · 3 comments <span>Print this article</span> Print this article

in Short

Here is Schumacher discussing Buddhist economics. He admits that he could have called it Christian economics, but then no one would have read it.

H/T The Western Confucian.

{ 2 comments… read them below or add one }

avatar Dan July 25, 2009 at 9:53 pm

“There is no value in maximizing consumption but in maximizing satisfactions.”

Is this not than an argument for maximum efficiency? Is this not in fact what underlies free market economics? Is not Wal Mart’s slogan, “Why pay more?”

avatar Jack Stewart December 11, 2012 at 12:49 pm

No. Walmart’s philosophy is “Maximize consumption; minimize ‘cost’.”

(N.B. “Cost”is in quotes.)

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