Concept Of Right Livelihood (Samyak Ajiva) And Its Application In Contemporary Business Ethics
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Abstract
Right Livelihood (Samyak Ajiva) is a foundational principle of Buddhist ethics and an essential element of the Noble Eightfold Path. It emphasizes earning a livelihood through honest, ethical, and non-harmful means while avoiding exploitation, deception, and activities that cause harm to others. In the contemporary business environment, concerns related to profit maximization, labour exploitation, environmental sustainability, and corporate social responsibility have increased the need for ethical approaches to economic activity.This paper explores the philosophical foundations of Samyak Ajiva in Buddhist thought and examines its relevance to contemporary business ethics. Drawing upon Buddhist textual traditions, particularly the Tripitaka, and contemporary scholarship on Buddhist economics and business ethics, the paper analyzes how principles of non-harm, honesty, fairness, transparency, and social responsibility can inform modern business practices. It contends that Right Livelihood can contribute to more humane, sustainable, and socially responsible business models by integrating moral values with economic objectives.
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