![]() “Tao” essentially translates into “way,” so when reading the Tao, substitute “way” or “the virtuous path” or “the nameless divine” for the word Tao and it will begin to make more sense to you.Ī few quotes on governance from the Tao Te Ching: "When taxes are too high, people go hungry. When the government is too intrusive, people lose their spirit." "Act for the people’s benefit. Trust them leave them alone." “Stop trying to control. Let go of fixed plans and concepts, and the world will govern itself. Some 2,600 years ago, this brilliant philosopher recognized that peace and voluntarism are the way of great nations, and by letting go of our desire for control, human prosperity will flourish. Understanding and abiding by the lessons taught in the Tao Te Ching not only leads to individual happiness, but also universal prosperity. Where Austrian economics provides us the logical rigor to assess the best way of increasing human prosperity, the Tao Te Ching takes a spiritual path to arrive at the same conclusions. The reason why I love this work so much is that it complements the lessons taught by the Austrian school of economics. It’s an easy read, not too long, yet it is crammed full of philosophical goodness. The text forms the backbone of Taoist philosophy. It was written around the 6th century BC by a Chinese sage named Lao Tzu, who was a record keeper for the Zhou Dynasty court. The Tao Te Ching is my all time favorite philosophical work.
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