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Altruism

Altruism is a term used to describe doing for the other as an act of good, or for the sake of, whatever the reason for such action performed is a philosophical question.

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Gross National Happiness (GNH)

The concept of Gross National Happiness (GNH) was already mentioned in the section on economic value, as an attempt to define an indicator that measures the quality of life in a holistic way than its commercial counterpart GDP. Bhutan’s former King Jigme Singye coined the term.

Meditation

Meditation is a meditative state of mind that has a different but sometimes closely related role in religions. Nevertheless, today, meditation is more widely linked to sort out personal issues and becoming focused at different levels.

Monetarism

Monetarism, an approach to economic policy to control the money supply — the critical part of neoliberalism. In a deregulated system, where banks and other institutions are much free to lend money, the main, if not the only, way to do that is to use interest rates.