Hi and welcome to sufficiency economics. This site is dedicated to the exploration of sufficiency and how it relates to economics. Although there are various pages to review regarding my thoughts about the concept of sufficiency economics, the site is relatively new and the concept is relatively untested.
The term sufficiency describes a state of being, in which there is an awareness of completeness. It is an awareness of self as fully whole, conscious that nothing or nobody can add or take away from that self. It is the foundation for happiness and indeed all states of mind and it is also the foundation for free choice. As such, it is an important concept that has implications for all that we do but it is rarely talked about by metaphysicians, philosophers, psychologists, environmentalists let alone economists.
The reason I became interested in the concept is that I believe the exploration and development sufficiency may be integral to human happiness, to a new human development paradigm and perhaps even our survival.
If sufficiency is indeed a fundamental type of awareness, the development of which is important to our well-being, it is worth exploring. And if it is worth exploring, why not look at the economic implications of the concept, since the economy is such an integral part of our daily lives.
If sufficiency was to be the goal of economics, what would economics and the economy look like? How would we measure our progress? What would it mean for capitalism? What would it mean for money? What approach would we take to economic development? What approach would we take to trade, banking, the stock market or taxation for that matter. These and other questions are the goal of this site and I welcome you to share your insights and your questions, so that we can explore the concept of sufficiency economics thoroughly together.
Please feel free to browse the various pages of the site for background reading but also raise your own questions or comments. My thoughts on sufficiency economics are by no means complete or perhaps even coherent but your thoughts may be, so join in and submit your input and I will respond as best I can.
I would like to start off the discussion of this first post with my own question: How would you define sufficiency?