Accounting for the fictitious: living death by mainstream economics

Christine Cooper

Accounting for the fictitious: living death by mainstream economics

Christine Cooper

Accounting And Finance

Research output: Contribution to conference › Paper › peer-review

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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.

Original language	English
Number of pages	20
Publication status	Published - Jul 2012
Event	Interdisciplinary Perspectives On Accounting Conference 2012 - Cardiff, United Kingdom Duration: 11 Jul 2012 → 13 Jul 2012

Conference

Conference	Interdisciplinary Perspectives On Accounting Conference 2012
Country/Territory	United Kingdom
City	Cardiff
Period	11/07/12 → 13/07/12

Keywords

accounting
fictitious
living death
mainstream economics

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Final Version IPA Paper Reference 160Accepted author manuscript, 79.5 KB

Cite this

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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

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Accounting for the fictitious: living death by mainstream economics

Abstract

Conference

Keywords

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