HIS MAJESTY’S PHILOSOPHY OF SUFFICIENCY ECONOMY: AN ALTERNATIVE FOR THE SUSTAINABLE DEVELOPMENT OF THAILAND
Main Article Content
Abstract
The extreme application of capitalism and consumerism has lead to a destruction of natural resources and has corrupted the foundation of the country’s development system. This paper examines the theory of sustainable economy developed by His Majesty King Bhumipol Adulyadej. It stresses the middle path as the overriding principle for appropriate conduct and way of life by the populace at all levels. This applies to conduct and way of life at the level of individual, family and community, while providing a choice of balanced development strategy for the nation so as to develop in line with the forces of globalization, and shielding against inevitable shocks and excesses that may arise.
“This sufficiency means to have enough to live on. Sufficiency means to lead a reasonably comfortable life, without excess, or overindulgence in luxury, but enough… The word to have enough is sufficient; sufficiency is moderation. If one is moderate in one’s desires, one will have less craving. If one has less craving, one will take less advantage of others. If all nations hold this concept – I don’t mean sufficiency economy – this concept of moderation, without being extreme or insatiable in one’s desire, the world will be a happier place.”
His Majesty King Bhumibol Adulyadej
4 December 1998
Article Details
Consent to Publish and Transfer of Copyright
By publishing in Prajñā Vihāra, the author agrees to transfer and assign to Assumption University of Thailand as the Publisher of the Journal, the copyright to the Article in any form, including any and all rights, interests and claims related to it.
The author does retain the following rights:
- The right to make further copies of the published article for their use in classroom teaching.
- The right to reuse all or part of the published article in a compilation of his or her own works or in textbooks of which they are the author or coauthor.
- The right to make copies of the published article for internal distribution within their academic institution.
- All proprietary rights other than copyright, such as patent rights.
- The Article is his or her original work, and has not been published previously and is not under consideration for publication elsewhere.
- It does not contain any matter that is obscene, libelous, or contrary to law.
- They have obtained the necessary license or written authority and paid any and all related fees for the use and reproduction of text, tables, illustrations and other copyrighted work from the owners of the intellectual property rights, and can furnish the Publisher copies of the license/written authority and proof of payment of related fees upon the signing of this Agreement.
- They have the consent of the Co-Authors of the article upon the signing of this Agreement.
- In the event that they intend to republish, reprint or translate all or part of the Article in other publications, they will secure the prior written permission from the journal Editor.
Prajñā Vihāra adopts the Creative Commons Attribution (CC BY-NC-ND) license