E.F. Schumacher on Buddhist Economics By Mark T. Mitchell - July 23, 2009 3 Facebook Twitter Email Print 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. RELATED ARTICLESMORE FROM AUTHOR The Nightstand Technology and the Virtues: Scale Matters The Barbershop The Economic Value of Streetcars The Stump Communal Self-Reliance: A Tie to Bind Black and White 3 COMMENTS “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?” […] Front Porch Republic » Blog Archive » E.F. Schumacher on religion … […] No. Walmart’s philosophy is “Maximize consumption; minimize ‘cost’.” (N.B. “Cost”is in quotes.) Comments are closed.