The aim of this paper is examine how moral failure shaped the global financial crisis with particular attention to the role of neoclassical economics theory. The paper compares the premises and characteristics of Schumacher's (1973) Buddhist economics with the prevailing neoclassical economics,...

Key principles of Buddhist economics are discussed in relation to the private sector's role in contributing to sustainable development. It is suggested that many aspects of a Buddhist approach are consistent with recent developments in the field of corporate social responsibility. But a more...