Accounting and the third enclosure movement

Nihel Chabrak, Christine Cooper, Paul F. Williams, Lesley Catchpowle

Research output: Contribution to conferencePaper

Abstract

This paper is concerned with the march of global capitalism and how it is spreading across the globe touching every aspect of the lives of every human being on the planet through accounting. We argue that the accounting industry plays a role in creating very powerful images and understandings of the world and consequently, can serve as a potent driving force of capitalism. We draw upon and develop the literature on enclosure movements to demonstrate how the creation of accounting products (standards, rules, principles and so on) has been enclosed within the edifice of the IASB. Historically, the idea of enclosure was presented as a progressive, socially beneficial reform. The supporters of enclosure believed that “commons” operated against “sacred private property rights”. The first enclosure movement involved the enclosure of common (public) land. The second involved the enclosure of ideas through patents and copyrights. We argue that the institutional production of international accounting standards represents a third enclosure movement. This third movement is different from the other two in that it concerns the enclosure not only of the rules and principles of accounting and accounting knowledge (akin to the second enclosure movement), but of the enclosure of the body which is endowed with the right to be the legal producer of international accounting principles and rules.
Original languageEnglish
Pages1
Number of pages29
Publication statusPublished - 15 Jul 2016
EventAsia-Pacific Interdisciplinary Research in Accounting Conference - RMIT University, Melbourne, Australia
Duration: 12 Jul 201615 Jul 2016

Conference

ConferenceAsia-Pacific Interdisciplinary Research in Accounting Conference
CountryAustralia
CityMelbourne
Period12/07/1615/07/16

Keywords

  • global capitalism
  • market mechanisms
  • captialism
  • capitalist power

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  • Activities

    • 1 Participation in conference

    Asia-Pacific Interdisciplinary Research in Accounting Conference

    Christine Cooper (Participant)

    12 Jul 201616 Jul 2016

    Activity: Participating in or organising an event typesParticipation in conference

    Cite this

    Chabrak, N., Cooper, C., Williams, P. F., & Catchpowle, L. (2016). Accounting and the third enclosure movement. 1. Paper presented at Asia-Pacific Interdisciplinary Research in Accounting Conference , Melbourne, Australia.