Will 'Middle Way Economics' Emerge from the Gross National Happiness Approach of Bhutan?

From the perspective of socio-economic development as a constituting element of interreligious Peace Education this paper explores the inspiration that may arise from the 'Gross National Happiness' dialogue towards a new understanding of 'Middle Way Economics'. Recent intentions to create an economic 'Third Way' in Europe and USA by politicians like Bill Clinton, Tony Blair or Gerhard Schoeder; and earlier attempts (Bandung, 1955) to shape a nonaligned movement as an alternative to the Capitalism-Communism dichotomy have failed to address the challenges of sustainability and global social justice adequately.