TY  - CHAP
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.
VL  - 14
SN  - 978-1-84855-301-9, 978-1-84855-300-2/1041-7060
DO  - 10.1108/S1041-7060(2009)0000014007
UR  - https://doi.org/10.1108/S1041-7060(2009)0000014007
AU  - Boyce Gordon
AU  - Prayukvong Wanna
AU  - Puntasen Apichai
ED  - Kala Saravanamuthu
ED  - Cheryl R. Lehman
PY  - 2009
Y1  - 2009/01/01
TI  - Social accounting for sufficiency: Buddhist principles and practices, and their application in Thailand
T2  - Extending Schumacher's Concept of Total Accounting and Accountability into the 21st Century
T3  - Advances in Public Interest Accounting
PB  - Emerald Group Publishing Limited
SP  - 55
EP  - 119
Y2  - 2024/05/14
ER  -