Almost all economists, whether classical, neoclassical or Marxist, have failed in their analyses of capitalism to consider the underpinning systems of accounting. This book draws attention to this lacuna, focusing specifically on the concept of capital: a major concept that dominates all teaching and practice in both economics and management.
It is argued that while for the practitioners of capitalism - in accounting and business - the capital in their accounts is a debt to be repaid (or a thing to be kept), for economists, it has been considered a means (or even a resource or an asset) intended to be worn out. This category error has led to economists failing to comprehend the true nature of capitalism. On this basis, this book proposes a new definition of capitalism that brings about considerable changes in the attitude to be had towards this economic system, in particular, the means to bring about its replacement.
This book will be of significant interest to readers of political economy, history of economic thought, critical accounting and heterodox economics.
Reihe
Sprache
Verlagsort
Verlagsgruppe
Zielgruppe
Für höhere Schule und Studium
Postgraduate and Undergraduate
Illustrationen
11 s/w Tabellen, 2 s/w Abbildungen, 2 s/w Zeichnungen
11 Tables, black and white; 2 Line drawings, black and white; 2 Illustrations, black and white
Maße
Höhe: 234 mm
Breite: 156 mm
Dicke: 12 mm
Gewicht
ISBN-13
978-1-032-04660-0 (9781032046600)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Jacques Richard is Emeritus Professor at the University of Paris Dauphine, France. He is also an ex-Chartered Accountant and Counsellor of Trade Unions and ex-Member of the Authority of Accounting Standards (Paris). In 2013, he received the "Best Manuscript Award" from the Academy of Accounting Historians.
Alexandre Rambaud is Doctor of Mathematics and Management Sciences, and maitre de conferences at AgroParisTech - CIRED. He is also Associate Researcher at the University of Paris Dauphine, France, and co-head of the Chaire Comptabilite Ecologique.
Foreword: Capital and social costs as outcomes of struggles with truth Introduction PART I The battle about the concept of capital 1. How a capitalist accounting constitution dominates the world economy 2. The difficulty of economists in understanding the concept of capital in accounting 3. The truth about the concept of capital in accounting 4. The victory of the capital-debt conception in accounting 5. The mystery of the misconception of business capital in economics 6. Two false friends of the capital-debt concept Conclusion of Part I: Two conflicting accounting models of capital PART II Economists and their concepts of capital 7. The traditional classification of economists in materialist and fundist views 8. Proposal for a new classification of the conceptions of capital in economics 9. The issue of human capital Conclusion of Part II PART III Towards a new definition of capitalism 10. Private property as an element (or not) of capitalism 11. Markets as elements (or not) of capitalism 12. The role of money and finance in capitalism 13. Is the separation of capitalist and household production a criterion for capitalism? 14. Is the wage system an element of the definition of capitalism? 15. The nature and reality of capitalist power: The issue of managerialism Conclusion of Part III and the first volume: A new definition of modern capitalism
