Buddhist ethics in economic system

Abstract

The research was conducted to find out why Buddhist ethics important for the economic system, to know the ethics according to Buddhism and the benefits of Buddhist ethics in the global era of the economic system. The data of the research was collected to identify the texts from the Scriptures of the Tipitaka/Tripitaka related to the main problem. All collected data were analyzed and dissected using the theory included structural, hermeneutic, and paticcasamuppada functionalism. The theories were used to compile the role of the Buddhist ethics in the economic system, the hope was through the role and implementation of the Buddhist ethics in the future will be a living condition for being happy and welfare. Regarding the household (micro) economic system, the Buddhist ethics were used to create a happy and prosperous household life. Thus, the householders were free from poverty with the right livelihood, to use wealth properly, and to develop spiritual virtues. Related to the government/state (macro) economy, the Buddhist ethics play an important role in creating happiness to live together in the nation and state. The Buddhist ethics in the economic system offered a middle way system between capitalism and socialism. The Buddhist ethics contributed greatly related to the development of the economic system. It was very relevant in dealing with the current situation, especially, in human character building, developing tolerance, and service culture, social independence building, building, and work ethic enhancing, building an openness spirit, motivation to do better, as an accommodative step facing of the free competition.