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Economics, Accounting and the True Nature of Capitalism - Capitalism, Ecology and Democracy (Hardcover)
Loot Price: R3,969
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Economics, Accounting and the True Nature of Capitalism - Capitalism, Ecology and Democracy (Hardcover)
Series: Economics and Humanities
Expected to ship within 12 - 17 working days
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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.
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