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.

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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.

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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.

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