
Contents
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Introduction Introduction
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Core Beliefs Core Beliefs
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Teachers and Role Models: Jain Monks and Nuns Teachers and Role Models: Jain Monks and Nuns
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Jain Economic Ethics in Practice Jain Economic Ethics in Practice
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Organic Growth Organic Growth
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Risk Management Risk Management
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Social Capital Social Capital
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Honesty and Trust Honesty and Trust
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Corporate Social Responsibility Corporate Social Responsibility
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Building and Strengthening Civil Society Building and Strengthening Civil Society
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Diverse Jain Sub-Cultures and Communities Diverse Jain Sub-Cultures and Communities
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Conclusion Conclusion
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Suggested Reading Suggested Reading
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Works Cited Works Cited
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2 Jain Economic Ethics
Get accessAtul K. Shah is Professor of Accounting and Finance at City University of London and is co-author of Jainism and Ethical Finance. He founded the Young Jains global movement and is the founding editor of Jain Spirit international magazine.
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Published:23 January 2024
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Abstract
As one of the world’s oldest living cultures, Jainism provides a unique cultural and philosophical lens on contemporary economic issues like selfish capitalism, inequality, and unsustainability. Through the core principles of Satya, Asteya, Ahimsa, Tapas, and Brahmacharya, the Jains have developed a unique theory and practice of interdependence. In addition, it is also one of the world’s most inclusive ‘successful’ business cultures, with a track record of sustained success in business, finance, and enterprise. The primary philosophy of the Jains is Ahimsa or non-violence towards all living beings—a recognition of profound interdependence, and it has a vast literature ranging from philosophy to narrative and poetry, including music and bhakti which has a very important bearing on economic ethics. Jains today live all over the world and have been extremely adaptable to different cultures and lifestyles without compromising their own principles and virtues, often operating quietly and becoming role models for others. The Jains provide integrity to economics and have thousands of years of lived experience to share with the world about respectful, compassionate, and sustainable economics. They also show how humans can become responsible and accountable trustees of the planet, rather than extractors and exploiters of its resources. A key part of their success has been in replenishing moral trust and social capital through the work they do and the character of their enterprise.
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