vix.ing · top · new · best · stats · spec

The Economics of Salvation: Toward a Theory of Exchange in Chinese Buddhism

2007/05/23 by Michael J. Walsh · 1 citation
Social Sciences · #Chinese history and philosophy #Religion and Society Interactions #Weber, Simmel, Sociological Theory #Buddhism #Database transaction #China #Order (exchange) #Mechanism (biology) #Pure land #Position (finance) #Social exchange theory #Positive economics #Sociology #Law and economics #Law #Economics #History #Political science #Epistemology #Philosophy #Social science #Computer science #Archaeology

paper · doi:10.1093/jaarel/lfm002

openalex publication_date 2007/05/23 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/01

Abstract

This essay theorizes the material implications of Chinese Buddhist merit as a transaction exchange mechanism. Over the last two and a half millennia, merit has necessitated an institutionalized paradigm: from the position of both the donor and recipient, you must expend that which you have (land, harvest, money, labor, and time) in order to gain that which you feel you need (a more lucrative lifestyle, a more desirable existence, social recognition, and salvation after death). To gain one must give; or more accurately, to receive one must first bestow. Without this exchange process, it is unlikely that Buddhism would have survived. This exchange formed the foundation of the Buddhist monastic economy in China. I further lay out some key terms for studying the history of Buddhist merit as a transaction of religious exchange and offer them as potentially useful categories of exploration in other fields. Although I take Song dynasty (960–1276 CE) Chinese Buddhist monastic culture as my point of departure, the discussion extends its focus toward the broader impact of merit exchange arguing that the exchange of goods for merit was (and is) the defining social mechanism of Chinese Buddhism.

Citations

Cited by

Related