Buddhist Economics - Audio - podcast cover

Buddhist Economics - Audio

The Open University•www.open.ac.uk
Education
Higher Education
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.
Last refreshed: ⓘ
Follow this podcast in the Metacast mobile app to refresh it and see new episodes.
Follow on
Apple Podcasts
Spotify
RSS
YouTube
Overcast
Pocket Casts
Episodes.fm
Download Metacast podcast app
Podcasts are better in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

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.

Mar 09, 2010•1 min

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.

Mar 09, 2010•6 min

Transcript -- The case for shareholder wealth

Transcript -- 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

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.

Mar 09, 2010•39 sec

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.

Mar 09, 2010•6 min

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.

Mar 09, 2010•2 min

Transcript -- An alternative framework

Transcript -- 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.

Mar 09, 2010

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.

Mar 09, 2010•2 min

Transcript -- The implications of the Eightfold path

Transcript -- 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

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.

Mar 09, 2010•7 min

Transcript -- Successful alternatives

Transcript -- 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

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.

Mar 09, 2010•1 min

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.

Mar 09, 2010•16 min

Transcript -- Economics and accounting of the future?

Transcript -- 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.

Mar 09, 2010
For the best experience, listen in Metacast app for iOS or Android