The book centers on the belief that greed, aggression, and delusion (Buddhism’s “three poisons”) are embedded within our financial institutions and that they perpetuate the continued widespread attachment to endless economic growth and financial accumulation that are responsible for social and ecological malaise. Arguing that mainstream economics fails to adequately address this cycle, Magnuson presents a new framework of Buddhist economics, helping readers gain a deeper understanding of current economic problems and offering a course toward genuine wellbeing.
“After I started using Mindful Economics a student wrote this to me: ‘I view everything differently now after your class.’ That must be the best comment an author can get for writing a book. Dr. Magnuson was able to accomplish that. Mindful Economics enabled my students to understand our economic system, its problems and the solutions for those problems. Thanks Dr. Magnuson for a great contribution.”
“An excellent text to counterbalance the sacred scriptures by Samuelson et al…
This is an important book about a vast and important subject –economics –which, except for hermits and recluses living in the wilderness, affects just about everyone, every single day, in more ways than most people realize. Mindful Economics by Joel Magnuson does the job brilliantly and comprehensively. Not since the 1970s, when we saw the last crop of “Goliath slayers,” had we seen an introductory text to economics so well organized, comprehensive, accessible, and conscientious in its unorthodox analysis of the subject as to merit an unqualified hurrah. While presenting all the essential topics that students and the public at large might expect from an overview of economics, he “upends” the mainstream approach, while adding to it, and thereby turns a misleading, unnecessarily abstruse, and largely sterile brew into an enlightening journey of new appreciation for the untapped potential of humankind. In that sense, Mindful Economics is a demystifying tool, a mind detoxifier that also makes economics fun to read. And Mindful Economics helps the reader vaccinate the mind against the blandishments of false consciousness, showing that, in economics, at least, the unorthodox view may be far closer to the truth… [A] book like Mindful Economics performs a signal service to society, as it arms people with the kind of knowledge they need… this book could be a turning point for many readers and the beginning of a robust understanding of a previously chaotic situation.”