Series Four Volume 4

Guest Article: Richard K. Payne

In this issue of Pacific World: Journal of the Institute of Buddhist Studies, I’m happy to introduce a new feature, Guest Articles. In this section of the journal we highlight the work of scholars who have made significant contributions to the field of Buddhist studies. I can think of no better scholar to commence our first issue than Dr. Richard…

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Series Four Volume 4

Buddhist Economics, and the Economics of Buddhism: Conceptual Categories and Epistemological Reflections toward a New Field of Study

This essay delineates a distinction between two fields of inquiry: Buddhist economics and the economics of Buddhism. The distinction is made on the basis that the former is a prescriptive and ethical project and the latter is a descriptive and academic one. In other words, Buddhist economics suggests how Buddhists should behave economically, and the economics of Buddhism examines how…

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