Tara GreavesOne of the most senior Tibetan lamas alive says the ability to resolve the problem of global recession is hindered by a confused under-standing of profit and loss.Tara Greaves

One of the most senior Tibetan lamas alive says the ability to resolve the problem of global recession is hindered by a confused under-standing of profit and loss.

And next week, the 7th Dzogchen Rinpoche, Jigme Losel Wangpo, will give a public talk in Norwich on the true nature of gain and loss.

Dzogchen Rinpoche is one of the highest lamas in the Tibetan Buddhist tradition, and as a boy his education was supervised by the 14th Dalai Lama.

He says: "Economics is not just based on luck: economic success is due to a collection of conditions. The motivation and quality of the business person needs to improve because gain and loss are very much related with karma and merit.

"Relying solely on intelligence and mathematics is not a guaranteed method to make gains in business.

"There should be a good business plan, which operates positively from a karmic point of view and benefits the whole society."

He adds:"This is not the end of the economic world. We can heal on an individual and national level by looking at the problem from different angles and by not repeating the same unfavourable decisions.

"Each of us has the power to heal the nation, as well as the world's economic crisis."

The Nature of Gain and Loss will take place on Thursday, June 25 in the Music Room at the Assembly House, in Theatre Street; 7pm. Tickets are �14, concessions �10,

available on 0796 485 6410 or www.shenpenuk.org