The Philosophy of Sufficiency Economy (PSE): Choice, Survival, and Happiness for All in a Time of Crisis
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Creator Kornkanok Sarapirom
Title The Philosophy of Sufficiency Economy (PSE): Choice, Survival, and Happiness for All in a Time of Crisis
Publisher Phetchaburi Rajabhat University
Publication Year 2567
Journal Title Interdisciplinary Research Review (IRR)
Journal Vol. 19
Journal No. 4
Page no. 26-38
Keyword The Philosophy of Sufficiency Economy, Choice, Survival, Happiness
URL Website https://ph02.tci-thaijo.org/index.php/jtir
Website title Interdisciplinary Research Review (IRR)
ISSN 2697-536X
Abstract The problems of economic shrinkage caused interruptions in household incomes and consumption growth, while the coronavirus spread increased the unemployment rate and household debt risen which exacerbated the poverty situation. This study specifically aims to honor His Majesty King Rama 9, as well as has overall aimed to explore the essences of the Philosophy Sufficiency Economy Philosophy (PSE) emphasizing the effects and benefits arising from the application of PSE and pointing out how the PSE becomes another choice of the people for their survival and gaining happiness. This documentary research uses narrative reviews together with content analysis method and cross-study synthesis for research result interpretation. Results showed that PSE is a particular approach for sustainable development aligned with the principles and objectives of SDGs; seeking to eradicate poverty and reduce inequality as a means to achieve sustainable development. The PSE has certainly close and strong bonding with various sectors such as entrepreneurs, Intellectual Properties Owner, community, local wisdom, and particularly green Innovation. Applications of PSE have significantly proven for poverty eradication and food security which can to lead to sustainable economic growth and sustainable consumption and production. The philosophy greatly attaches to human development at all levels particularly strengthening the community’s capacity to ensure a balanced way of life and resilience. Once people become realizing and recognizing the significances of PSE, therefore, when we live in any crisis, we should live with self-sufficiency, protection, and rationality, this is one another potential choice and a means of survival and a way of happiness for people at all levels.
Nakhon Pathom Rajabhat University

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