What is significant for the conceptualization of Buddhist socio-economic philosophy, lies in its ability to show that the Buddhist code of conduct, the Path for individual betterment and salvation, is not narrowly confined to one’s narrow self interest. In other words, Buddhist socio-economic philosophy has to demonstrate that the analytical mode of reasoning crystallized in the Four Noble truths and Eight-fold Path is equally concerned with one’s self as well as a sense of social awareness, a concern for others. The morality of Buddhism in Buddhist socio-economic philosophy is both pragmatic and utilitarian. On the other hand, good is that which produces good effects and relieves one’s sorrows and stresses; evil generates ill effects and prolongs the agony of suffering and stress. The prescriptions for moral conduct are carefully laid out not as laws or injunctions to be obeyed as a matter of duty or obligation, but as rules or principles of conduct which flow from a theory of reality capable of validation and verification. It is no doubt to understand that the Buddha’s teachings have significant impact on people’s lives not only among the genders, but also among people across the world and clearly provide a set of profound guidelines and teachings that pertain to man’s socio-economic and spiritual progress not only at the individual but also at the national level in order to establish cordially between individual but also at the national level in order to establish cordially between individual and the society. Modern man can lead a very happy and prosperous life if he promotes understanding and practices what the Buddha taught in the Tipitaka under the form of the Pali language according to the Theravada tradition conveyed in "Socio-Economic Philosophy of Buddhism: An Investigation Based on Pali Literature", which covers the brief introduction to Pali Tipitaka, historical socio-economic background of pre-Buddhist India, concepts of society, social and economic philosophy as reflected in the Pali literature, Buddhist economic development, and relevance of socio-economic pholosphy in the modern times.