In this article we will discuss about:- 1. Introduction to the Buddhist Economy 2. Industrial Specialization of the Buddhist Economy 3. Exchange Mechanism. Introduction to the Buddhist Economy: The Buddhist concept and practice of economy was based chiefly on a system of village communities of landowners, or what in Europe is known as peasant proprietorship. The Jataka bears very clear [...]
In this article we will discuss about the state revenue and trade practices followed in the Buddhist economy. State Revenue during Buddhist Economy: We have no direct evidence of such a tithe or other tax being levied on the commonwealth by any of the republics or oligarchies mentioned in the Buddhist canon, such as the Sakiyas, Koliyas, Licchavis, Mallas, etc. [...]
The below mentioned article provides a short biography of Gautama Buddha. Gautama Buddha was a contemporary of Mahavira. Gautama Buddha's royal name was Siddhartha. He was the son of Suddhodhana, the Chief of Sakya clan of Kapilvastu in the Nepal Tarai area. He was born in 566 B.C. in the village of Lumbini a few miles from Kapilvastu. Siddhartha lost [...]