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Buddhist Economic Ethics The presentation of the Buddhist ethics on economics was over all a good summary of the major ideas and principles involved with economics within Buddhism They touched on some of the important themes involved with economics and gave a westerner a general idea of the influence which Buddhism has on both the layperson and the monk Yet they also left out some important principles which could have lead to a more complete understanding of the Buddhist view on Economics The presenters started their presentation of by discussing the idea of the Middle Way This was a good topic to begin their presentation because this idea has a large effect on a Buddhists view of economics Economics are in agreement that man has limitless or endless desires but Buddhists believe that fulfilling all desires of demand may not be beneficial Outline This idea is very important because it contrasts the western way of capitalism and endless desire with the Buddhist view of the Middle Way In both capitalism and in Buddhist Economics they acknowledge that limitless desire is instinctual but in capitalism desire is welcomed and the fact that humans always desire more is what makes capitalism successful On the other hand in Buddhism desire is exactly what they want to rid themselves of This leads to the next important idea of Dana which the group did discuss but failed to acknowledge the over all importance of this idea when understanding Buddhist economics Buddhists believe that ultimately wealth is neither good or evil It is the way one acquires and uses wealth that is important Outline The first thing Buddhists believe when a layperson is acquiring wealth is that it is through hard work and diligence Secondly one must be careful when choosing and pursuing the right occupation They must avoid immoral ways such as killing animals or selling things like weapons alcohol or living beings And lastly they
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