Keynote talk at the International Buddhist Economics Conference

University of Hong Kong: April 14, 2019

Watch here! (starts at 5:25 in)

“Economists sit around and fight about, are people altruistic or are they selfish? It really matters which kind of model you use. The free market model says they’re selfish and individualistic. The Buddhist Economics model says they’ve got to have some altruism and interdependence. Sociologists and neuroscientists confirm that people have altruism and self-regarding instincts — they do both. This isn’t a surprise, except to economists! Economists hate that answer, if they want to use the free market. People have unconditional caring about others without ulterior motive. Helping people and the environment makes you happy.”