Buddhist economics: oxymoron or idea whose time has come?
Kathleen Maclay, UC Berkeley: UC Berkeley economist Clair Brown acknowledges that “Buddhist economics” may seem like an oxymoron.
Nevertheless, she’s teaching a sophomore seminar on the topic this semester — the campus’s second such offering over the past year.
Brown said she created the one-unit Buddhist Economics course after students in her Introductory Economics (Econ 1) class expressed frustration with the relentless Madison Avenue message that more is better, economic growth paves the path to a better life and “retail therapy” is a quick trip to nirvana.
Nicholas Austin, an economics major from Laguna Beach, Calif., and a student this spring in Brown’s Buddhist …