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Schumacher claims that the overall desire to remain faithful to their heritage through living the “Right Livelihood” is characteristic of Buddhist Economics. The values found in Buddhist Economics are not applicable to the modern west nor will they be, short of a mental and ethical revolution. There is universal agreement between all economists that a fundamental source of wealth is human labor, however Buddhist Economics differ in its view and appreciation of labor. Buddhist Economics sees a fundamental source of human well-being in labor, as opposed to modern Western Economics that views labor as a necessary evil wherein an employee desires income without employment. In Modern Western Economics, to work is to make a sacrifice of one’s leisure and comfort and every method to reduce the workload is a good thing. Much of the time this means automation, which reduces a persons labor to the mere unskilled movement of the limbs.
The function of work, according to Buddhist Economics,......

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Approximate Pages: 3 (250 words per double-spaced page)

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