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.

Latest episodes of the podcast Buddhist Economics - Audio

• The intellectual foundations of the shareholder value model
• Transcript -- The intellectual foundations of the shareholder value model
• The case for shareholder wealth
• Transcript -- The case for shareholder wealth
• The problems with the shareholder value model
• Transcript -- The problems with the shareholder value model
• What went wrong with shareholder value?
• Transcript -- What went wrong with shareholder value?
• An alternative framework
• Transcript -- An alternative framework
• The implications of the Eightfold path
• Transcript -- The implications of the Eightfold path
• The implications of Buddhist Economics for a new business model
• Transcript -- The implications of Buddhist Economics for a new business model
• Successful alternatives
• Transcript -- Successful alternatives
• How would conventional accounting change?
• Transcript -- How would conventional accounting change?
• Economics and accounting of the future?
• Transcript -- Economics and accounting of the future?