What is the philosophy of sufficiency economy?

What is the philosophy of sufficiency economy?

Sufficiency Economy Philosophy It's about the middle way that is modest, reasonable, and immune. with knowledge and morality to lead to a better economic, social, environmental balance

“...sufficiency economy

as the foundation of life

foundation for the stability of the land

like piles

that was nailed to support the house and the building itself

A building can be stable on the stake.

But most people can't see the pile.

and even forgot the stake…”

Royal speech of His Majesty the King

From Chaipattana Journal

August issue 1999

philosophy of sufficiency economy

"Sufficiency Economy It is a philosophy pointing to the way of life and behavior of people at all levels. from the family level, community level, to the state level Both in developing and managing the country to proceed in the middle way. especially economic development In order to keep pace with the globalized world, sufficiency means moderation, reasonableness, and the need to have a fairly good immune system. to any impact arising from both internal and external changes. However, it requires knowledge, prudence, and extreme caution in leading various fields of study. used in planning and implementing every step and at the same time must strengthen the mental foundation of the people of the nation Especially government officials, theorists and businessmen of all levels. to have a sense of morality honesty and to have appropriate knowledge Live with patience, perseverance, mindfulness, wisdom and prudence. to be balanced and ready to accommodate rapid and widespread change both in material, social, environmental and cultural aspects from the outside world as well.”

the meaning of sufficiency economy

Modesty is the moderation that is not too much and not too little. without harming oneself and others

Rationality is a deliberately rational decision.

Having immunity is preparing to deal with the impact that will occur. taking into account the possibilities of the situation

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