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Sustainable development The challenge of Buddhist Economics. Mogens Buch-Hansen. Opposing issues:. Growing populations, growing material ‘needs’ <-> ecosystems capacities Strong <-> weak sustainability Intra-generational <-> intergenerational equity. Opposing ontology :.
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Sustainable developmentThe challenge of Buddhist Economics Mogens Buch-Hansen
Opposing issues: • Growing populations, growing material ‘needs’ <-> ecosystems capacities • Strong <-> weak sustainability • Intra-generational <-> intergenerational equity
Opposing ontology: • Anthropocentric <-> bio centric • Environmental economics (market regulates) <-> ecological economics • Conventional economics <-> Buddhist economics • The Economic man <-> All embracing, generous solidarity of humanity
Organisation of space • Overhead
Critical issues – a way forward: • Reasonable consumption: The Middle Way. Frugality as ‘non-wasteful sufficiency rather than meagre scantiness’ (Herman Daly) • Intrinsic values How to replace wasteful utility ‘values’ • The economic man: The ‘generous, all-embracing, compassionate, life giving woman’. • Critical resources and substitutability: Are natural capital and man-made capital complementary and not substitutes? • Man-made capital: Reduce and replace the use of non-renewable resources with renewable resources and reduce on waste through recycling. • Payment for environmental services
The new world needs new capacities • Justify the moral point of departure. Selfishness of the Economic Man versus compassion of humanity. New economics • Environmental science to determine the critical resources of ecosystems • Wise utilisation of space and resources • Pra nak pattana?
