TY - JOUR
T1 - Social accounting for sufficiency
T2 - Buddhist principles and practices, and their application in Thailand
AU - Boyce, Gordon
AU - Prayukvong, Wanna
AU - Puntasen, Apichai
PY - 2009
Y1 - 2009
N2 - Social and environmental accounting research manifests varying levels of awareness of critical global problems and the need to develop alternative approaches to dealing with economy and society. This paper explores Buddhist thought and, specifically, Buddhist economics as a means to informing this debate. We draw on and expand Schumacher's ideas about 'Buddhist economics', first articulated in the 1960s. Our analysis centres on Buddhism's Four Noble Truths, the Noble Eightfold Path and associated Buddhist teachings. The examination includes assumptions, means and ends of Buddhist approaches to economics; these are compared and contrasted with conventional economics.To consider how thought and practice may be bridged, we examine a practical application of Buddhism's Middle Way, in the form of Thailand's current work with 'Sufficiency Economy'.Throughout the paper, we explore the implications for the development of social accounting, looking for mutual interactions between Buddhism and social accounting thought and practice.
AB - Social and environmental accounting research manifests varying levels of awareness of critical global problems and the need to develop alternative approaches to dealing with economy and society. This paper explores Buddhist thought and, specifically, Buddhist economics as a means to informing this debate. We draw on and expand Schumacher's ideas about 'Buddhist economics', first articulated in the 1960s. Our analysis centres on Buddhism's Four Noble Truths, the Noble Eightfold Path and associated Buddhist teachings. The examination includes assumptions, means and ends of Buddhist approaches to economics; these are compared and contrasted with conventional economics.To consider how thought and practice may be bridged, we examine a practical application of Buddhism's Middle Way, in the form of Thailand's current work with 'Sufficiency Economy'.Throughout the paper, we explore the implications for the development of social accounting, looking for mutual interactions between Buddhism and social accounting thought and practice.
UR - http://www.scopus.com/inward/record.url?scp=84856954448&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:84856954448
SN - 1041-7060
VL - 14
SP - 55
EP - 119
JO - Advances in Public Interest Accounting
JF - Advances in Public Interest Accounting
ER -