Economics, Accounting and the True Nature of Capitalism by Ja... - 9781032046587

Taylor & Francis

Economics, Accounting and the True Nature of CapitalismCapitalism, Ecology and Democracy\nAuthor(s): Jacques Richard, Alexandre Rambaud\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032046587, 978-1032046587\nSynopsis\nAlmost 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.\n\nIt 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 th.