Accounting for the fictitious: living death by mainstream economics

Christine Cooper

Research output: Contribution to conferencePaper

Abstract

This paper presents a modest contribution to the debates surrounding the culpability of the accounting profession in the recent financial crisis. It adopts a Marxist theoretical perspective concentrating mainly on Marx’s work on fictitious capital. The paper argues that the accounting profession’s adoption of mainstream economic thought alongside its structures and sources of funding have rendered it unable to deal adequately with the demands placed upon it by an innovative and rapidly expanding derivatives market.

Conference

ConferenceInterdisciplinary Perspectives On Accounting Conference 2012
CountryUnited Kingdom
CityCardiff
Period11/07/1213/07/12

Fingerprint

Accounting profession
Mainstream economics
Financial crisis
Funding
Economic thought
Karl Marx
Derivative markets

Keywords

  • accounting
  • fictitious
  • living death
  • mainstream economics

Cite this

Cooper, C. (2012). Accounting for the fictitious: living death by mainstream economics. Paper presented at Interdisciplinary Perspectives On Accounting Conference 2012, Cardiff, United Kingdom.
Cooper, Christine. / Accounting for the fictitious : living death by mainstream economics. Paper presented at Interdisciplinary Perspectives On Accounting Conference 2012, Cardiff, United Kingdom.20 p.
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note = "Interdisciplinary Perspectives On Accounting Conference 2012 ; Conference date: 11-07-2012 Through 13-07-2012",

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Cooper, C 2012, 'Accounting for the fictitious: living death by mainstream economics' Paper presented at Interdisciplinary Perspectives On Accounting Conference 2012, Cardiff, United Kingdom, 11/07/12 - 13/07/12, .

Accounting for the fictitious : living death by mainstream economics. / Cooper, Christine.

2012. Paper presented at Interdisciplinary Perspectives On Accounting Conference 2012, Cardiff, United Kingdom.

Research output: Contribution to conferencePaper

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T1 - Accounting for the fictitious

T2 - living death by mainstream economics

AU - Cooper, Christine

PY - 2012/7

Y1 - 2012/7

N2 - This paper presents a modest contribution to the debates surrounding the culpability of the accounting profession in the recent financial crisis. It adopts a Marxist theoretical perspective concentrating mainly on Marx’s work on fictitious capital. The paper argues that the accounting profession’s adoption of mainstream economic thought alongside its structures and sources of funding have rendered it unable to deal adequately with the demands placed upon it by an innovative and rapidly expanding derivatives market.

AB - This paper presents a modest contribution to the debates surrounding the culpability of the accounting profession in the recent financial crisis. It adopts a Marxist theoretical perspective concentrating mainly on Marx’s work on fictitious capital. The paper argues that the accounting profession’s adoption of mainstream economic thought alongside its structures and sources of funding have rendered it unable to deal adequately with the demands placed upon it by an innovative and rapidly expanding derivatives market.

KW - accounting

KW - fictitious

KW - living death

KW - mainstream economics

UR - http://business.cardiff.ac.uk/sites/default/files/ipa2012/IPA_2012_Full_Scientific_Programme.pdf

M3 - Paper

ER -

Cooper C. Accounting for the fictitious: living death by mainstream economics. 2012. Paper presented at Interdisciplinary Perspectives On Accounting Conference 2012, Cardiff, United Kingdom.