Posted on: August 31, 2022 Posted by: admin Comments: 0


In the Central Sutra, the Buddha taught about 6 causes of property waste to be avoided: Passion for alcohol, traveling on the street at the wrong time, going to the cinema, gambling, and socializing with evil friends. , lazy habit.

Starting from the crisis of the world’s largest economy – the United States – and then spreading to other continents, causing personal pockets to become narrower, families in turn cut spending, thrift to survive. through these difficult times. Many theories or books about economics began to be noticed by people or businessmen again after a decade of freezing. Only because the ‘rice cooker’ has dried up, people have begun to pay attention to how the ‘rice cooker’ can be restored… For a long time, many people believe that Buddhism is only interested in escaping the world. liberation from suffering, seeking Nirvana in the afterlife rather than being concerned with the problems of reality. Again, there is no significant economic thought in the Buddhist teachings. Thinking like that is biased, because the Buddha taught, if we live with Right View, we will have happiness and peace in this life.

In Buddhist scripture There is no separate chapter on economics like other issues, so we have to read and study many different scriptures, find what is relevant, have economic mentions, and then connect they form a system in accordance with the spirit of Buddhism.

Buddhism always encourages saving money, because if we don’t know how to save, we will face a financial crisis….

The following short sutta on the Buddha’s teachings contains an economic philosophy. The Buddha taught a farmer about how to use the money he earned as follows: You should divide the money you have into four parts, one part is used for daily living expenses, the next two parts are used for investment. private income, and the rest is either saved or used to help the needy. In the spirit of this teaching, there should always be an accumulation equal to ¼ of the money you earn to use until needed. According to Buddhism, with only ¼ of the money earned, we can still live a temporary life (1).

Food, clothing, housing, medicine, education (far more spiritual) are the basic needs of life. Essential foods must be produced in the country to avoid food shortages that cause social unrest. In fact, with a developed economy, only ¼ of the total monthly income can satisfy the above 5 essential needs.

The fourth part of total income is used to accumulate or save. Buddhism always encourages saving money, because if we do not know how to save, we will have to face financial crisis, especially sudden illness. Without the accumulation of wealth, an individual or a nation is bound to fall into heavy debt.

In the Central Sutra, Buddha Teaches about the 6 causes of wealth waste to avoid: Passion for alcohol, untimely street travel, popular theater activities, passion for gambling, bad friendships, and lazy habits.

In which the sixth cause is directly related to building assets. “Habit of laziness has six dangers: ‘too cold’, not working; ‘overheated’, not working; ‘too late’, not working; ‘too early’, not working; ‘I’m so hungry’, not working; ‘I’m too full’, not working. While the work to be done is not done. Assets that do not have are not built, assets that have been consumed” (2).

Or in the Anguttara Nikāya, the Buddha asks the bhikkhus about poverty, poverty and their consequences: “Bhikkhus, do worldly wanderers dislike poverty?

Certainly, Venerable Sir.

And those who are in trouble, in debt do not want that to happen?

Yes, Lord.

And people who are in debt, borrow money don’t expect that, do they?

Yes, that is correct, Venerable Sir.

And when it comes time to pay the debt, they can’t afford to pay, are forced, beaten, do they want this misfortune to happen?

Certainly not, venerable sir.” (3).

According to Buddhism, economic development policy is based on four important principles:

– Things related to economic production, especially agriculture and industry, must be provided to the people such as: seeds, livestock, fertilizers, arable land, irrigation water, tools, etc. In short, there is a great need for such production support activities of the state.

– Encourage trade because they bring profits to the country. The state must monitor this trade so that it can protect the interests of workers and consumers.

– Officials as well as professionals who serve the country must have appropriate remuneration regimes such as salary, promotion, leave, incentive or other privileges so that they strive to devote themselves to the public. job. Do not create conditions for them to corrupt, bribe or neglect their work.

– The State should support and encourage people to participate in spiritual development (4).

Economic development involves the careful planning of projects to bring about high profits. There are four characteristics that should be applied when we are making a business plan or implementing a project:

– Capable and energetic.

– There is caution.

– Cooperate with talented people, who have a constructive spirit, have good moral qualities.

– Life is balanced (5).

The Buddha explained these four characteristics to a merchant, when he asked the Buddha how to develop his career. Having capacity and energy means that any occupation such as farmer, worker, trader… we must be skilled and industrious, creative, diligent not to delay the work.

Prudence is the second characteristic, preserving your property not to lose it unnecessarily. Wealth earned from “diligence, overcoming difficulties, sweating tears” we must protect and save. Always be on the lookout for robbers, fires, floods… Saved wealth can be dissipated because of the following passionate pleasures: Unlawful relations with women; Addiction to alcohol and drugs; Passion for gambling; Associate with unrighteous, unethical people. “Like a lake with a dike on all sides

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