Open AccessMETHODOLOGICAL PRINCIPLE OF BUDDHISM AS AN ALTERNATIVE APPROACH IN MODERN ECONOMIC THEORY
Author(s) -
Daria Pokaninova
Publication year - 2017
Publication title -
naučnye issledovaniâ èkonomičeskogo fakulʹteta
Language(s) - English
Resource type - Journals
ISSN - 2078-3809
DOI - 10.38050/2078-3809-2017-9-2-15-26
Subject(s) - buddhism , externality , economics , neoclassical economics , positive economics , economic thought , public economics , microeconomics , philosophy , theology
The article discusses the provisions of Buddhist economics as an alternative approach in modern economic theory. These provisions are derived from the basic doctrines of Buddhism such as the Four Noble Truths and the Noble Eightfold Path. The article also contains a comparison of Buddhist economics and neoclassical economics, which leads to the conclusion that Buddhist economics pays more attention to the issues of limited resources, accounting for non-economic factors of economic behavior, improving the welfare of society and externalities. These factors are relevant for the modern economics and are also considered by representatives of other alternative theories.