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: Paperback / softback
Length: 102 pages
Publication date: 31 May 2023
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 vastly different 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 contributions of influential figures such as Cantillon, Quesnay, and Piketty, the book offers valuable insights into the complex dynamics of capital accumulation, distribution, and utilization.

Furthermore, the book challenges the traditional classification of accounting and economics as separate disciplines and highlights the interconnectedness of these two fields. It emphasizes the role of accounting in shaping economic outcomes and the significance of economic analysis in accounting practice. This interdisciplinary approach adds depth and complexity to our understanding of the financial world, enabling scholars and professionals to navigate the complexities of modern economies with a broader perspective.

In conclusion, this book is a valuable resource for anyone seeking to explore the historical development of capital concepts, the interplay between accounting and economics, and the broader implications of these developments for contemporary society. Its comprehensive approach, rich in insights and analysis, makes it an essential read for scholars, researchers, and practitioners alike.

Weight: 182g
Dimension: 234 x 156 x 10 (mm)
ISBN-13: 9781032046570