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Buddhist Economics - Audio

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In the world of economics, does a person’s well-being really matter? What is more important, social objectives or profit maximisation – or are they even compatible? During a trip to Burma in 1955, Ernest Schumacher pioneered the concept of Buddhist Economics, a set of principles based on the belief that the function of business is to supply goods and services for need and true well-being. Schumacher argued that Buddhist Economics could serve as a vehicle for human development to overcome self centeredness and augment human creativity and knowledge. Presented by Dr Mike Lucas from The Open University Business School and Alan Shipman from the Department of Economics at The Open University.

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In the world of economics, does a person’s well-being really matter? What is more important, social objectives or profit maximisation – or are they even compatible? During a trip to Burma in 1955, Ernest Schumacher pioneered the concept of Buddhist Economics, a set of principles based on the belief that the function of business is to supply goods and services for need and true well-being. Schumacher argued that Buddhist Economics could serve as a vehicle for human development to overcome self centeredness and augment human creativity and knowledge. Presented by Dr Mike Lucas from The Open University Business School and Alan Shipman from the Department of Economics at The Open University.

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iTunes Ratings

4 Ratings
Average Ratings
1
0
0
1
2
Cover image of Buddhist Economics - Audio

Buddhist Economics - Audio

Latest release on Mar 09, 2010

The Best Episodes Ranked Using User Listens

Updated by OwlTail 4 days ago

Rank #1: The implications of the Eightfold path

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Dr Mike Lucas explains the implications of a new business model based on Buddhist economics, and how it could promote a new governance structure re-connecting the corporation with the community.

Mar 09 2010

1min

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Rank #2: The implications of Buddhist Economics for a new business model

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Dr Mike Lucas looks at the social implications of a new business model based on Buddhist economics.

Mar 09 2010

1min

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Rank #3: Successful alternatives

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Alan Shipman highlights the range of partnership, family, mutual and cooperative enterprises which have successfully resisted pressures to become a ‘public limited company’, and whose market leadership adds to the pressure to reform the shareholder model.

Mar 09 2010

7mins

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Rank #4: The intellectual foundations of the shareholder value model

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Dr Mike Lucas of The Open University Business School explains how the experience of working and teaching in accounting and finance has forced him to a fundamental reappraisal of the idea that businesses’ objective is to maximise shareholder wealth.

Mar 09 2010

1min

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Rank #5: The case for shareholder wealth

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Alan Shipman of The Open University Economics Department recalls the origins and optimistic expectations of the shareholder value ‘revolution’, inspired by economic ideas of profit-maximisation and a political turn against profligate management.

Mar 09 2010

6mins

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