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In the 搁腻蝉颈测补 Sutta of Sa峁儁utta Nik膩ya, the Buddha has discoursed on production, consumption and distribution and consumption philosophy, which will take into account the salient aspects which the modern economic philosophy seems to have not comprehended. What directly stands against the western economic orthodoxy is this philosophy of consumption. In modern economics, consumption has been treated as the end of economic activities; accordingly it is an end in itself. That means a consumer heed not look anything beyond the actual act of consumption, such as how it comes? Whether it deprives other鈥檚 consumption? Whether it is earned rightly? Non-attachment to things consumed.

Buddhist should accumulate wealth without violating any of the five precepts; refraining from killing, stealing, adultery, lying and taking intoxicants. All living beings value their lives and hence one has no moral right to take the life of another living being. If any one takes another鈥檚 life he does that with the utmost selfish motive. Stealing or taking something belonging to another without his knowledge or approval is a social evil. Tolerance of such evil acts in the society would sap people鈥檚 enthusiasm to work and save. Adultery would not only lead to skirmishing between people it is also a clear way of contracting deadly disease aids.^[1]

The Buddha has recommended six professions for livelihood in the Vyaggapajja Sutta. They are agriculture, trade, animal husbandry, security service, government service and using other skills (small industries, domestic industries etc.)^[2]