Monday, August 28, 2017

Buddhist Economics – Part I: The Way

Sabbe Saththa Bhavanthi Sukhi Thaththa (May all beings be happy)

The sparking of interest:
If you are a follower of the Buddha’s Dharma and not merely a mainstream, ritual-addicted, gatha-singing, fear-driven Buddhist, the first thought that might have popped into your head  on reading the title might have been “What the ….?”.

I don’t blame you.

The Buddha instructs the laity
When  the phrase first hit my ears in January 2016, my reaction was not dissimilar. That was when Prof. Clair Brown of the University of California, Berkley, was visiting with us in Sri Lanka. She it was who had started the first course in Buddhist Economics in the west after realizing that her students were tired out by the flat, stale, commonplace and useless ideas of mainstream economics and starved for  something fresh, something new, something different.


I was tasked with interviewing her and Prof. Mohan Munasinghe on Buddhist Economics and Sustainomics respectively.  As we sat in the reception area at Rupavahini to discuss my planned structure for the interview, I waded in with, “Well, Clair, I am not too sure if we can tie a subject like economics which is worldly and horribly bound to iffy science to something as pristine and steeped in the truth as the Buddha’s Dharma?”. For me, the oxymoronic nature of that phrase needed no macroeconomic dissection to figure out. I was rather taken aback when she didn’t attempt to dispute the point but casually and disarmingly sidestepped the issue.  Diplomacy kicked in on my side as well and we went on to discuss a few other points and then live to the studio.  While the interview was more focused on sustainability than economics, there were some notes, flavors and scents in her responses that seem to arise from an idea of economics that was people centric and holistic in approach with happiness as an implied goal and the effort to meet, mesh and marry off  the approach to the goal as the process.

Identifying the rationale:
Although still skeptical,  I was urged by that exchange to explore this more worldly aspect of the Buddha’s teaching. An aspect that hitherto, I had no reason to examine since my practice of the Dharma was purely for the purpose of enlightenment.  So, a few months later found me sitting in front of my teacher in the blackness of a typical Kataragama night under a bower created by bo-trees. Detailing at some length the whole idea of Buddhist economics as I understood it up to that point and expressing my doubt as to both its validity against the dharma as well as its effectiveness against future civil and civic disaster.

” Do not think so” he said. “Start by understanding aarthikaya (economics) as a component of artha-kriyawa (meaningful action)”.  “WOW!” I thought to myself. It was a gentle reminder, a surge of ever expanding linkages and understanding of how the dharma can inform us on the conduct of worldly economic effort and help those of more material bent to live out their lives in an environment less fraught with worry. 

The term itself is not new, first coined by the German statistician and economist E.F. Schumacher in a 1966 essay that later became the fourth chapter of his classic “Small is Beautiful” which is an antithesis of the “Greed is Good” way of economic excess that has brought us to this calamitous juncture in world history. Ten years later, in his book, “A confused Society”, economist, former governor of the Central Bank and former chairman of the Royal Asiatic Society of Sri Lanka Dr.Neville Karunatilake describes Buddhist Economics as a system founded on developing co-operative and harmonious effort in group living where selfish and acquisitive pursuits are eliminated by developing man himself.  

Very nice. That should put a cap to it and we can very well stop here but indulge me a bit folks. I want to unpack all of this a bit more and see what it reveals to us.

The basis for Buddhist Economics:
The key takeoff point for me is the Buddha’s reading of wealth is stated in the much quoted, mostly ignored  line from the Dhammapada “Santhutti paraman dhanan” (Happiness is the greatest wealth).  This firmly ties wealth to achieving a satisfactory state of mind and not to the acquisition of an overload of people, position, power and pieces.  According to the Buddha, in this case as in most, the mind overrules both matter (in this case fiscal, natural and human resources) and matters ( in this case, production, distribution and consumption).  Here, dhanaya or wealth is not merely personal acquisitions but rather the entire set of economic things and actions. And, regardless of how much of these an individual can control or own, if that individual Is not satisfied and satiated, then there is no sansindima or contentment and no happiness so the individual is impoverished. 

Now, this is interesting.  Since santhutti  or happiness as the primary idea of wealth is something that is internal, once achieved, it  is maintainable over the long term with little further effort. All other ways of determining what constitutes wealth are external and once acquired, high in risk of loss. We all know that the acquisition of external wealth forces  us to up the ante, increasing the overall effort of protecting, consolidating and growing our various acquisitions and assets.  We are all fully aware what a suicidal, lifespan decreasing, earth destroying  exercise this is. We have all experienced the fact that such an effort comes with a veritable symphony of mental trauma and physical sickness,  played upon the various instruments of competing, controlling, manipulating, conniving, coercing, threatening, weeping , worrying, stressing, diseasing and dying.

The rational slicing here then is in how we give ourselves a definition of wealth and how we understand its import. In the Buddha’s reading, happiness is wealth and essentially marginalizes every other way of defining it. In every other reading, wealth is supposed to lead to happiness where such “happiness” is acquired through the channels of gain, fame, praise and pleasure. Well, human history has shown us that this effort has the opposite effect to the one intended. Those who seek happiness through gain, suffer loss. Those who hanker after it through fame suffer shame. Those who think they can find it through praise suffer blame. Those who attempt to catch up with it in their pursuit of pleasure suffer pain.  So, if happiness is the outcome of an effort to remove suffering, then mainstream ideas of wealth can only compound suffering and never eradicate it. This is an awful conclusion for it implies that most supposedly civilized effort is mad and most human beings are deranged. Small wonder then, that in our insanity, we have only managed to “develop” ourselves to the point where we are just a hairbreadth away from annihilating ourselves and our planet. 

Thus, the whole Buddhist framework essentially sideswipes into the dustbin classic socioeconomic  questions that have vexed us for millennia. Questions such as how to optimize earning potential, how to minimize effort and optimize profit, how to infinitely acquire and horde fiscal and natural resources, how to infinitely consume as much as one can, how to rise within the serried ranks and tiered  hierarchies of foaming, snorting, angry, jealous, frightened, confused, confounded society are of no real importance.  It also implies that lasting (sustainable, durable) solutions to the problems of economics must come from sociology, anthropology and metaphysics rather than from crunching down and treating the impacts of the lodestones of classic economics  such as man-hours, machine hours, money markets, material management etc.

So, overall them, the only question that remains is how we can achieve and maintain happiness. That, after all is said and said and said, is the only thing that really needs doing.  To do it, we must figure out how to find real meaning in our economic actions or, in other words, the arthaya in the aarthika-kriya


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