From Greed to Wellbeing

A Buddhist Approach to Resolving Our Economic and Financial Crises

Joel Magnuson

From Greed to Wellbeing

Joel Magnuson

Distributed for Policy Press at the University of Bristol

272 pages | 5 1/2 x 8 1/2
Paper $24.00 ISBN: 9781447318941 Published November 2016 For sale in North and South America only
Despite our fitful attempts over decades at reform, the global financial system seems caught in cycles of boom and bust, instability, and scandal. In this timely new book, Joel Magnuson builds on the classic works of E. F. Schumacher and other kindred spirits to provide a Buddhist economics perspective on this recurring pattern, and offers new possibilities for real change.

The book centers on the belief that greed, aggression, and delusion (Buddhism’s “three poisons”) are embedded within our financial institutions and that they perpetuate the continued widespread attachment to endless economic growth and financial accumulation that are responsible for social and ecological malaise. Arguing that mainstream economics fails to adequately address this cycle, Magnuson presents a new framework of Buddhist economics, helping readers gain a deeper understanding of current economic problems and offering a course toward genuine well-being.
Review Quotes
Tricycle: The Buddhist Review
“In reviewing the history of modern economics, Magnuson offers a Buddhist critique of the value system it relies upon, arguing that modern economics is fueled by the Buddha’s ‘three fires’ of greed, aggression, and delusion. These poisons, he says, are embedded within our financial institutions and are responsible for our attachment to ‘growth’ as the only measurement of economic success. . . . [From Greed to Wellbeing takes] a creative approach to understanding our world and will motivate and inspire you as a Buddhist, citizen, and human being. . . . [It proves] that the discipline of economics need not be dismal after all.”
Morris Berman, author of "Dark Ages America" and "Why America Failed" | Amazon.com
"From Greed to Wellbeing is a tour de force. If you really want to get a close look at the socioeconomic merry-go-round we've been on since 1776 (and before), this is the book for you."
Christopher Queen, Harvard University, editor of “Engaged Buddhism in the West”
“Joel Magnuson skillfully applies Buddhist teachings to quench the flames of greed, hatred, and delusion that are consuming our world.”
Michel Gueldry PhD, Middlebury Institute of International Studies, Monterey, California
"A stinging critique of hegemonic capitalistic practices that puts forward remedies based in socially engaged Buddhism. Magnuson proposes a commendable yet difficult journey toward personal enlightenment, a more human economy and a better future.”
Sulak Sivaraksa, author and founder/chair of the International Network of Engaged Buddhists
“Restructuring individual consciousness and restructuring society are complementary activities, and both are desperately needed. This new book from Joel Magnuson shows us how to do this.”
David Loy, author of “The Great Awakening: A Buddhist Social Theory”
“This is an insightful critique of our dysfunctional economic system, informed by Buddhist principles. Magnuson shows that the reforms usually proposed cannot alleviate the basic problem: a system that is self-destructive because it institutionalizes greed. And he offers a way forward implied by Buddhist teachings.”
Stephanie Kaza, professor emerita, University of Vermont
“Magnuson presents an ethical critique of conventional economics based in Buddhist principles, offering a hopeful and creative path to system stability, personal satisfaction, and liberating transformation.”
For more information, or to order this book, please visit http://www.press.uchicago.edu
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