TY  - JOUR
AB  - Purpose– The purpose of this paper is to critically evaluate consumer society through various perspectives. In addition, it applies Buddhist economics as an exemplary model which helps managing consumer society. Design/methodology/approach– The study started by comparing and contrasting the management of consumption between Mainstream and Buddhist economic. In addition, various perspectives such as Marxian economics, Frankfurt School, sociology as well as social critics are added to comprehend consumer society. Finally, it proposed the practices of Buddhist economics as an exemplary model for managing consumer society. Findings– The study found that while Mainstream economics focusses on increasing the amount of goods and services, Buddhist economics focusses on converting the insatiable to satiable desires. There are two viewpoints of the interconnected spheres of consumption and production through the evolution of consumerism; a producer-led approach and a consumer-led approach. This polarization presents the debate in a very well-established tension between structure and agency. Originality/value– This paper proposed an exemplary model for managing consumer society by applying the dialectical relationship of both structure and agency.
VL  - 33
IS  - 8/9
SN  - 0262-1711
DO  - 10.1108/JMD-09-2013-0116
UR  - https://doi.org/10.1108/JMD-09-2013-0116
AU  - Mutakalin Gullinee
ED  - Kulpatra Sirodom
ED  - Cristian R. Loza Adaui
ED  - André Habisch
ED  - Gilbert Lenssen
ED  - Theodore Roosevelt Malloch
PY  - 2014
Y1  - 2014/01/01
TI  - Buddhist economics: a model for managing consumer society
T2  - Journal of Management Development
PB  - Emerald Group Publishing Limited
SP  - 824
EP  - 832
Y2  - 2024/04/25
ER  -