An Analysis of Sufficiency Economy Based on Theravada Buddhism

Abstract

         This research has objectives: 1) to study the concept of sufficiency economy; 2) to study the Dhamma principles related to sufficiency economy; and 3) to analyze the sufficiency economy based on Theravada Buddhism. A qualitative research methodology was used, collecting data from the Tipitaka, Commentaries, texts, documents, related research works and others. The research findings are presented descriptively.

        The results of research found that sufficiency economy is the middle way of self-reliance, based on moderation, rationality, and good immunity. This approach can be applied in life to lead to balanced and sustainable development, enhancing the potential of individuals, families, communities, and the country. The Dhamma related to sufficiency economy includes contentment (Santuṭṭhidhamma), moderation (Mattaññutā), the Middle Path (Majjhimā paṭipadā), virtues that lead to perfection (Nāthakaraṇadhamma), the fourfold division of wealth (Bhogavibhāga), and benefits obtainable here and now (Diṭṭha-dhammikattha). Sufficiency economy, based on Theravada Buddhism, is the application of Dhamma as a way of life that promotes moderation, the middle path, self-reliance, three types of wisdom (Paññā), and three types of conduct (Sucarita). All of these Dhammas together result in sustainable happiness.