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 Blackboard Fact’s Two Faces: On the Masking of Children at School The Nightstand Reviving the Cult of Citizenship: Tony Woodlief’s I, Citizen The Brass Spittoon Speaking Freely in Times of Crisis: A Conversation with Paul Kemeny, Ben Faber, and Richard Gamble The Barbershop “Oh, Wow.” A Benediction for Ed McClanahan The Barbershop Columbiana: In Want of Cram Short Humanities, Journalism, and Parishes 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.