The Connotations of Wealth in Selected Texts from the Pāli Canon: Contextualizing Their Contemporary Relevance
摘要
This study utilizes qualitative content analysis methodology to examine the connotations of wealth in fifty-eight (58) Buddhist discourses (suttas) selected for their relevance from English translations of the Pāli Canon. These connotations are then compared with established theories and concepts related to economic wealth to assess their contemporary relevance. The canonical perspectives on wealth encompass material and non-material aspects and deviate from the self-centric and instrumentalist ontological fixations commonly found in conventional economic thought. The foundations of the Buddhist material wealth framework manifest ethics, different from utilitarianism, drawing instead on the principle of righteousness, a non-deontological, cause-and-effect-based premise that links the material wealth sphere with the non-material sphere. The interconnected psychological and behavioral strategies for wealth accumulation, sustenance, utilization, and redistribution, outlined in the selected early Buddhist texts, offer a holistic approach with the potential of promoting social welfare, discouraging senseless greed, and presenting a comprehensive libertarian wealth model. Additionally, the framework’s emphasis on savings, reinvestment, and voluntary sharing of material wealth forms potential pathways for endogenously sustained growth and offers conceptual alternatives to shift away from debt-financed consumption and unsustainable production patterns, with important imperatives for meaningful material and spiritual progress.