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.
|Publication status||Published - Jul 2012|
|Event||10th Interdisciplinary Perspectives on Accounting Conference - Cardiff, United Kingdom|
Duration: 11 Jul 2012 → 13 Jul 2012
|Conference||10th Interdisciplinary Perspectives on Accounting Conference|
|Period||11/07/12 → 13/07/12|
- living death
- mainstream economics