Capital in the History of Accounting and Economic Thought: Capitalism, Ecology and Democracy

This book explores the treatment of the concept of capital in accounting and economic thought, highlighting the ongoing struggle between accountants and economists for primacy. It argues that these two disciplines have taken different paths since scientism came to dominate, and that it is wrong to classify them as twins.

Format: Hardback
Length: 102 pages
Publication date: 30 November 2021
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the historical treatment of the concept of capital,spanning from the pioneering works of scientific economists like Cantillon (1755) and Quesnay (1758) to the recent insights of Piketty (2019). It offers a unique perspective by juxtaposing the reasoning, discourse, and writings of accountants and economists, highlighting the ongoing struggle between these two disciplines for primacy in analyzing and utilizing capitalism. While acknowledging their inherent differences, the book argues against categorizing them as twins, as they have taken distinct paths since scientism gained dominance in economics, sidelining ethical and moral considerations.

This book holds immense interest for readers engaged in the study of economic thought, critical accounting, and heterodox economics. It provides a deep exploration of the evolution of capital concepts, shedding light on the interplay between accounting practices and economic theories throughout history. By examining the works of influential figures such as Cantillon, Quesnay, and Piketty, the book offers valuable insights into the changing perspectives and methodologies employed in understanding and evaluating capital.

Furthermore, the book's exploration of the tension between accountants and economists highlights the complex and evolving nature of economic analysis. It challenges the notion of a clear distinction between these two disciplines and emphasizes the interdependence and interconnectedness of their approaches. This nuanced understanding of the relationship between accounting and economics sheds light on the challenges and opportunities faced by policymakers, practitioners, and scholars in today's dynamic economic landscape.

Overall, this book is a valuable resource for anyone seeking to gain a deeper understanding of the historical development of capital concepts, the interplay between accounting and economics, and the broader implications of these developments for contemporary economic thought.

Weight: 322g
Dimension: 163 x 241 x 15 (mm)
ISBN-13: 9781032046563