Philosophy
"...The development of the country must be fostered in stages. It must start with the construction of infrastructure, that is, the provision of food and basic necessities for the people by methods which are economic, cautious and conforming with principles. Once the foundation is firmly established, progress can be continually, carefully and economically promoted. This approach will prevent incurring mistakes and failures, and lead to the certain and complete achievement of the objectives..." —H.M. the King Speech at Kasetsart University Commencement Ceremony on 19th July 1974.The Sufficiency Economy is not a theory about how the economy of a country works, but rather a guide to making decisions that will produce outcomes that are beneficial to development. Also, The NESDB has the definition of the philosophy that - Sufficiency Economy is a philosophy that stresses the middle path as an overriding principle for appropriate conduct by the populace at all levels. This applies to conduct starting from the level of the families, communities, as well as the level of nation in development and administration so as to modernize in line with the forces of globalization. “Sufficiency” means moderation, reasonableness, and the need of self-immunity for sufficient protection from impact arising from internal and external changes. To achieve this, an application of knowledge with due consideration and prudence is essential. In particular great care is needed in the utilization of theories and methodologies for planning and implementation in every step. At the same time, it is essential to strengthen the moral fiber of the nation, so that everyone, particularly public officials, academics, and business people at all levels, adhere first and foremost to the principles of honesty and integrity. In addition, a way of life based on patience, perseverance, diligence, wisdom and prudence is indispensable to create balance and be able to cope appropriately with critical challenges arising from extensive and rapid socioeconomic, environmental, and cultural changes in the world.
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Famous quotes containing the word philosophy:
“The Greeks, with their truly healthy culture, have once and for all justified philosophy simply by having engaged in it, and having engaged in it more fully than any other people.”
—Friedrich Nietzsche (1844–1900)
“Histories make men wise; poets witty; the mathematics subtle; natural philosophy deep; moral grave; logic and rhetoric able to contend.”
—Francis Bacon (1561–1626)
“There is no philosophy without the art of ignoring objections.”
—Joseph De Maistre (1753–1821)