Buddhism under Capitalism

This book explores the relationship between global capitalism and Buddhism—both how this economic system has facilitated the spread of Buddhism, and how it impacts Buddhists and Buddhism today.Edited by two leading scholars in Buddhist studies, the book examines how capitalism and neo-liberalism have shaped global perceptions of Buddhism, as well as specific local practices and attitudes. It analyzes the institutional practices that sustained the spread of Buddhism for two-and-a half millennia, and the adaptation of Buddhist institutions in contemporary, global economic systems—particularly in Europe and the United States over the last century.Innovative chapters on the interfaces between Buddhism and capitalism will prompt readers to rethink the connection between Buddhism and secular society. Case studies include digital capitalism, tourism, and monasticism, and are drawn from the USA, Tibet, China, Japan, and Thailand.

Reviews

This volume debunks the common misconception that Buddhists and Buddhist institutions are unconcerned with the material world. In reality, as the contributors—who are the foremost experts on this topic—show, Buddhists debate and regulate exactly how to engage with the economy and material possessions, including money, property, loans, and investments.