Archive | Buddhist Economy

In this article we will discuss about:- 1. Introduction to the Buddhist Economy 2. Industrial Specialization of the Buddhist Economy 3. Exchange Mechanism. Introduction to the Buddhist Economy: The Buddhist concept and practice of economy was based chiefly on a system of village communities of landowners, or what in Europe is known as peasant proprietorship. The Jataka bears very clear [...]

In this article we will discuss about the state revenue and trade practices followed in the Buddhist economy. State Revenue during Buddhist Economy: We have no direct evidence of such a tithe or other tax being levied on the commonwealth by any of the republics or oligarchies mentioned in the Buddhist canon, such as the Sakiyas, Koliyas, Licchavis, Mallas, etc. [...]