How To Implement Buddhist Economics To Your Daily Life.

Preface

In this blog posting I will be outlining how exactly you can start implementing Buddhist Economic Principles to your daily life in order to become a more sustainable individual.

In the book Buddhist Economics, the author Claire Brown, an Economics Ph.D Professor at UC Berkeley, discusses the “eight crucial steps to transform the world to Buddhist economics”. Prof. Brown acknowledges the possible faults in her guidelines, but most importantly distinguishes the importance of starting to take action today towards a Buddhist Economy in order to save the earth and its inhabitants from human destruction and to live mindfully with one another and Earth to be happy. (p. 131–132)

The Eight Steps:

  1. Tax and transfer
  2. Sustainable agriculture
  3. Measure and transform
  4. Peace and prosperity
  5. Green production and green products
  6. Living wages and balanced lives
  7. Live mindfully with love, compassion, and wisdom
  8. Work together and take action

Of these Eight Steps our outline will have taken into consideration.

The Dialogue To a Better World

Everything you do contributes to a carbon footprint, which affects everyone around you, and even abroad. Understand the basic intuition of your actions on the environment through your consumptional choices and recreational uses. Eliminate anything completely unnecessary. Purchase consumer goods from reputable companies who have sustainable practices. Purchase consumer goods that don’t require as much processing/packaging such as more fresh goods from local vendors, and use your own reusable bags if possible. Reduce meat and palm oil consumption, and any other goods causing tremendous environmental and political issues to the best of your ability. Organize overall waste disposal: compost, recyclables with their corresponding niche, and avoid landfill waste to the best of your ability.

The saying “Ignorance is bliss” originates in Thomas Gray’s poem “Ode on a Distant Prospect of Eton College” (1742). This saying is how most the human population acts, with ignorance towards the current serious situation we are in terms of global health.

First, vote for policies that make everyone–especially businesses–accountable to how they impact the planet and economy with their actions. Second, understand how politics play a role in your life, and those around you (Economically, equity wise, and interpersonally). Finally, accept the realities of the policies and the overall social benefit policies could provide, as well as the counterfactuals.

For example, take into consideration how voting for a pipeline would have an effect on the population and environement around it (all externalities), as well as the possible benefits it can have on our economy.

While the above are very important criteria, the most crucial step for you to follow would be practicing a mindful life. A mindful life would help keep your head and intentions clear when being an active participant in changing society and the world for the better.

You can practice mindfulness in many different ways, some ways more than others depending on your personal preferences.

Some very popular practices would be: Yoga, Meditating, Working out, outdoor walks or hiking, and more. The point is, you can take time to practice being mindful in any sort of recreational activity that allows you to clear your head and focus on your mental health.

In Prof. Brown’s words “Buddhist economics says: Stop. Sit quietly and appreciate the wonders of the moment. Breathe, and think about all the good parts of your life — the outing you took with family or friends last weekend, the good food you ate today, the lovely tree outside the window, the sick friend you helped, the charity you support. Be grateful for the people who enrich your life, and for the earth that supports you. Let go of your ego, which defines reality by your mental projections and rules daily life by mental habits. Listen to your Buddha nature of love and compassion.”

*This blog post is a basic introduction on how to start change to a more Buddhist economic lifestyle. For a complete read and to dive deeper into Buddhist Economics, please consider supporting Prof. Claire Brown’s work through purchasing her book Buddhist Economics.

For Inquiries refer to the books trailer here and purchase the book here.

Brown, Clair. Buddhist Economics (p. 132). Bloomsbury Publishing. Kindle Edition.

Brown, Clair. Buddhist Economics (pp. 163–164). Bloomsbury Publishing. Kindle Edition.

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22 year old undergraduate Economics and Journalism student at UC Berkeley. President of Rochdale Student Coop and Finance Chair of DKA Productions.

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Aren Saunders-Gonzalez

Aren Saunders-Gonzalez

22 year old undergraduate Economics and Journalism student at UC Berkeley. President of Rochdale Student Coop and Finance Chair of DKA Productions.

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