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Buddhist Economics
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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.

Language: English
info For further information: The Open University Business School
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  • icon The intellectual foundations of the shareholder value model
    Duration: 00:01:28
    Date: 09.03.2010
    Closed Caption
  • icon The case for shareholder wealth
    Duration: 00:06:12
    Date: 09.03.2010
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  • icon The problems with the shareholder value model
    Duration: 00:00:39
    Date: 09.03.2010
    Closed Caption
  • icon What went wrong with shareholder value?
    Duration: 00:05:44
    Date: 09.03.2010
    Closed Caption
  • icon An alternative framework
    Duration: 00:02:22
    Date: 09.03.2010
    Closed Caption
  • icon The implications of the Eightfold path
    Duration: 00:01:44
    Date: 09.03.2010
    Closed Caption
  • icon The implications of Buddhist Economics for a new business model
    Duration: 00:01:30
    Date: 09.03.2010
    Closed Caption
  • icon Successful alternatives
    Duration: 00:07:11
    Date: 09.03.2010
    Closed Caption
  • icon How would conventional accounting change?
    Duration: 00:01:03
    Date: 09.03.2010
    Closed Caption
  • icon Economics and accounting of the future?
    Duration: 00:15:57
    Date: 09.03.2010
    Closed Caption
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