Abstract

When considering questions of Buddhism, business and the economy, the production and transfer of karmic merit is an often-overlooked resource, perhaps due to the unexamined assumption that merit is not, after all, ‘real.’ This essay aims to show that taking merit production seriously reveals a well-established economic model that operates alongside, and at times contrary to, systems of monetary exchange. Precisely because of the tendency to interface with money economies, networks of merit transfer can intervene in common economic practices underlying existing social conditions. For example, Xinxing (540–594), founder of the Sanjie movement, teaches that we can discharge our otherwise insurmountable karmic burden by making a single donation to the ‘Inexhaustible Storehouse.’ Donations to the Storehouse were thought to generate merit for the donors, a system already relied upon by Buddhist monasteries to raise money. However, unique to Xinxing’s Storehouse, anyone could borrow as needed, and repayment was optional. The Storehouse was so successful that it began to rival the government as a resource for social welfare, leading to its eventual disbandment. Moving from Xinxing to the present, this essay surveys other examples of merit-making rituals as drivers for charitable giving and socio-political change.