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  • Buddhist economics and the environment: Material flow analysis and the moderation of society's metabolism

    Author(s)
    Daniels, Peter
    Griffith University Author(s)
    Daniels, Peter L.
    Year published
    2003
    Metadata
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    Abstract
    The reduction of the "metabolism" of the human economy has become one of the central themes of recent environmental and economic research and policy focused upon paths for achieving global sustainable development. Since the late 1980s, there has emerged a diverse array of "physical economy" approaches that utilise some form of material flow analysis (MFA) to quantify the pattern of flows of material and energy into, within, and out of the economic system. In principle, the reduction of the human socioeconomic metabolism, and appropriate changes in technology and consumption, are highly consistent with Buddhist economics. ...
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    The reduction of the "metabolism" of the human economy has become one of the central themes of recent environmental and economic research and policy focused upon paths for achieving global sustainable development. Since the late 1980s, there has emerged a diverse array of "physical economy" approaches that utilise some form of material flow analysis (MFA) to quantify the pattern of flows of material and energy into, within, and out of the economic system. In principle, the reduction of the human socioeconomic metabolism, and appropriate changes in technology and consumption, are highly consistent with Buddhist economics. Indeed, MFA may be one of the most valuable devices for encouraging and implementing a global "green" technoeconomic paradigm that helps realize the type of benefits proffered under the vision of Buddhist economics. This paper describes the links between methodology or potential application of MFA and the central themes of the Buddhist economic path to the long-term, harmonious co-existence of humans within the natural environment.
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    Journal Title
    International Journal of Social Economics
    Volume
    30
    Issue
    1/2
    Publisher URI
    http://www.emeraldinsight.com/0306-8293.htm
    DOI
    https://doi.org/10.1108/03068290310453592
    Subject
    Applied Economics
    Other Economics
    Publication URI
    http://hdl.handle.net/10072/5964
    Collection
    • Journal articles

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