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Buddhist Philosophy in Economics Episode 02 Wednesday, March 26, 2025
The family practice of the Dharma is presented in the following order. In terms of Buddhist economics, the order is as follows:
Lessons of the Dharma practice, three benefits
1- Dhamma-based benefits, economics for the present life.
2- Sampra-based benefits, economics for the new life.
3- Param-based benefits, economics for the life of Nirvana.
The reader should know that the three types of economics, in terms of the order in which they should be practiced, should be practiced first, next, and last.
Meanwhile, Buddhism has raised the moral precepts related to the economic precepts for the present life, namely:
The lower economic precepts are aimed at teaching people to strive to establish themselves, expand their position to be strong, and be strong in the economic status, which is to meet human needs. The Buddhist doctrines that are seen in relation to the economy of each individual, family or society in general are as follows:
The view of present benefits, benefits in the present. The Buddha spoke to Tikhajanumana when he went to bow down and said to him, "I am a householder, a householder, have children and a wife, and I need to find wealth to support my family. Please show me some dharma for the householder in the present, as well as the dharma that should be practiced in the next world." At that time, the Buddha spoke about benefits in both the present and the next world.
The view of present benefits (present benefits) is to prepare oneself to have a strong position to live comfortably in this world, and to teach one to establish oneself in a strong economic path with four elements:
1. The pursuit of wealth, both material and immaterial. Countries in the world have done and are doing short-term production to increase products that meet needs both at home and abroad. Production can take place and provide sufficient products only when there is courage to work hard, then there is food to meet the needs of the body. For the ancients told us, “Don’t wait for tomorrow, do what you have to do.” The Buddha taught us: Don’t rely on six reasons:
1. It’s too early
2. It’s too late
3. It’s too thirsty
4. It’s too hungry
5. It’s too hot
6. Very cold
The Blessed One continued to remind us that
“Viryana, dukkha, matchayeti” “If you want to be free from suffering, you must strive” for all kinds of work.
The proverb of the scientific era is “Strive for nature,..heat, cold, pain” Do not be discouraged.
2. Arakshasakha, knowing how to save wealth or be thrifty, means saving money to avoid various troubles and will know how to process and use the benefits of the wealth that you have. In every country in the world, there are places for people to deposit their wealth, which are called banks, so that people can save their wealth. Depositing wealth in banks is to make wealth safe and to cultivate the benefits of old wealth (interest).
3. Kalyanamitta, knowing how to associate with good friends or know how to make bad friends good: this is very important. Associating with bad people is the cause of all destruction. If you associate with good people, you can help find happiness in both wealth and Both in terms of wealth and skills. In a company or cooperative, the selection of members must only take good and right members, otherwise they will not achieve results, the cooperative or company will inevitably collapse.
4. Moderation, knowing how to spend money appropriately according to the level of wealth or learning to live in a state of peace or moderation, always meaning that spending wealth does not exceed the amount earned. If you earn less, spend less, you should refrain from unnecessary spending and save some for future poverty, that is, spending not more than your income.
A family, a country, and a nation that will grow and develop only if you spend your wealth, both on the part of the family and the part of the nation, must be strict in what you do not spend and try to use what you produce yourself. Using only foreign goods that are not necessary will lead to a loss of national currency.
These four aspects of Dhamma are the basis for solving life's problems and taking a big step towards progress. But progress can only be rapid if an economist or businessman has three more characteristics.
Three characteristics of a businessman
The Buddha showed three characteristics of a businessman to become wealthy, rich, and loved by many people to avoid some views that the Buddha taught people only about karma, merit, and demerit, and that most of his followers were poor. In some cases, the Buddha expressed the virtues in doing business, such as selling, clearly stating that if a seller has three characteristics, they will definitely get high profits. In order for their business to run smoothly, the public should follow the direction of the three virtues, namely:
1. Wise, intelligent, with good eyes or bright eyes, especially those who know the rules of economics and trade, that is, they know how to sell, buy, and sell in order to get high profits. In particular, it is knowing and being skilled in business, how to make a profit, how to make a loss, knowing the times, such as knowing the seasons of each occupation. Knowing the places to sell, that is, where it is sold at a high price, where it is sold at a low price, and knowing the needs of the people in each place, what they need to buy, what they need to buy, and so on.
2. Behavior: A person who is diligent, diligent in the work he is doing, not delaying beyond the time of the occupation and the needs of the people.(Buddhist Philosophy in Economics Episode 02)
