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...
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.
The case for shareholder wealth
Alan Shipman of The Open University Economics Department recalls the origins and optimistic expectations of the shareholder value ‘revolution’, inspir...
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 ul...
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 producti...
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 individual...
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-co...
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 ‘p...
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...
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 ed...