PODCAST · education
Buddhist Economics - Audio
by The Open University
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.
Episodes
-
The intellectual foundations of the shareholder value model
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.
-
The case for shareholder wealth
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.
-
The problems with the shareholder value model
Dr Mike Lucas probes the shareholder value model, identifying its adverse effects on employees, consumers, the social and natural environment – and ultimately on shareholders themselves.
-
What went wrong with shareholder value?
Alan Shipman examines the unintended fallout from the shareholder value ‘revolution’, and reasons for the rapid rise and fall of value-driven productivity and profits.
-
An alternative framework
Dr Mike Lucas outlines the key aspects of a Buddhist approach to business and economics, and its potential for a fundamental break from the individualism and constant expansionism of conventional economics.
-
The implications of the Eightfold path
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.
-
The implications of Buddhist Economics for a new business model
Dr Mike Lucas looks at the social implications of a new business model based on Buddhist economics.
-
Successful alternatives
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.
-
How would conventional accounting change?
Dr Mike Lucas assesses the changes to conventional accounting methods, and management teaching, that would be needed to establish a new business model based on Buddhist economics.
-
Economics and accounting of the future?
Alan Shipman and Dr Mike Lucas of The Open University discuss the problems of adopting new business models in a world where accounting and business education are still dominated by profit-maximising ‘shareholder value’, and the challenges ahead for those pursuing a Buddhist economics alternative.
We're indexing this podcast's transcripts for the first time — this can take a minute or two. We'll show results as soon as they're ready.
No matches for "" in this podcast's transcripts.
No topics indexed yet for this podcast.
Loading reviews...
ABOUT THIS SHOW
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.
HOSTED BY
The Open University
CATEGORIES
Loading similar podcasts...
Frequently Asked Questions
How many episodes does Buddhist Economics - Audio have?
Buddhist Economics - Audio currently has 20 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Buddhist Economics - Audio about?
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...
How often does Buddhist Economics - Audio release new episodes?
Buddhist Economics - Audio has 20 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to Buddhist Economics - Audio?
You can listen to Buddhist Economics - Audio on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Buddhist Economics - Audio?
Buddhist Economics - Audio is created and hosted by The Open University.
URL copied to clipboard!