Economics, Accounting and the True Nature of Capitalism: Capitalism, Ecology and Democracy

ISBN-13: 9781032046587 / Angielski / Twarda / 2021 / 194 str.

Jacques Richard; Alexandre Rambaud

Opis

Whether classical, neoclassical or Marxist, economists have failed in their analyses of capitalism to take into account 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.

Spis treści

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