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...