Education About Asia: Online Archives

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Feature Article

Borrowing from the Buddha: Buddhist Temples as Financial Centers in Premodern East Asia

We would not be surprised to hear the Buddha tell us how to meditate or how to be compassionate. We might be surprised to hear him offer financial advice. Yet in several cases, he does exactly this. In one early example, the Buddha advises a young layman to divide his wealth into four parts: “One part should be enjoyed, two parts invested in [your] business, and the fourth set aside against future misfortunes.”1 This demonstrates that rather than entirely renouncing money, Buddhism developed...

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