The Philosophy of Sufficiency Economy and its Three Pillars
- Moderation: Sufficiency at a level of not doing something too little or too much at the expense of oneself or others, for example, producing and consuming at a moderate level.
- Reasonableness: The decision concerning the level of sufficiency must be made rationally with consideration of the factors involved and careful anticipation of the outcomes that may be expected from such action.
- Risk Management: The preparation to cope with the likely impact and changes in various aspects by considering the probability of future situations.
Decisions and activities must be carried out at a sufficient level depending on two conditions:
Knowledge, comprising all-round knowledge in the relevant fields and prudence in bringing this knowledge into consideration to understand the relationship among the field so as to use them to aid in the planning and ensure carefulness in the operation.
Virtue to be promoted, comprising the awareness of honesty, patience, perseverance, and intelligence in leading one’s life.