Download or read book Creating The Big Mess A Marxist History Of American Accounting Theory C 1900 1929 written by Rob Bryer and published by World Scientific. This book was released on 2021-07-15 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: Creating the 'Big Mess' and its sequel Accounting for Crises use Marx's theory of capitalism to explain why there is no generally accepted theory of financial accounting, and explore the consequences, by studying the history of American accounting theory from c.1900 to 2007. The answer, Creating the 'Big Mess', is first that while late-19th century British accounting principles, founded on the going-concern concept, provided an objective basis for holding management accountable to shareholders for its stewardship of capital, and were accepted by the nascent American profession, they are inchoate. Second, Irving Fisher's economic theory of accounting, based on the assertion that present value is the accountants' measurement ideal, which is subjective, framed early-20th century American accounting theory, which undermined British principles, making them incoherent. In an unregulated, pro-business environment, leading theorists, particularly Henry Rand Hatfield and William A. Paton, Jr., became authorities for management discretion, creating the 'big mess' Hatfield saw in late-1920s American accounting. Accounting for Crises examines the roles of Fisher's theory in promoting the speculation leading to the 1929 Great Crash, aggravating the Great Depression, hindering accounting regulation from the 1930s, producing the Financial Accounting Standard Board's conceptual framework, and facilitating the 2007-2008 Global Financial Crisis.
Download or read book Accounting For Crises A Marxist History Of American Accounting Theory C 1929 2007 written by Rob Bryer and published by World Scientific. This book was released on 2023-07-07 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historians have not convincingly explained modern capitalism's two major economic crises, the Great Depression of the 1930s, and the Global Financial Crisis (GFC) of 2008-2009. Accounting for Crises offers a new explanation, why both began and were more severe in the USA ('America'), based on an accounting interpretation of Marx's theory of crises. It explains their origins in capitalists' control of accumulation, which reveals important overlooked roles for Irving Fisher's accounting theory. This theory, by allowing discretion in accounts, in the context of falling rates of profit, encouraged 'swindling', overstating reported profits, and understating their risk, which facilitated and aggravated both crises. Framed by Fisher's theory, during the 1920s American accounting theorists justified discretion, which Creating the 'Big Mess' (the companion volume) concluded it management used to conservatively smooth earnings. Accounting for Crises shows that Fisher's theory , also underlays the popular new theory of investment that justified valuing shares using reported earnings, which encouraged their manipulation and legitimized 'speculation'. This, it argues, underlays America's exceptional late-1920s stock market boom, the 1929 Great Crash, and the depth and length of its Great Depression. Prominently associated with the boom, Fisher became unpopular after the crash, his name disappearing from public debate. Nevertheless, the book concludes, his theory hindered economic recovery, weakened 1930s reforms, undermined accounting regulation from the late-1930s, and following his rehabilitation from the late-1950s, underlies the Financial Accounting Standards Board's conceptual framework, which by allowing off-balance-sheet accounting for securitization-SPEs, fostered the 2007 'credit crunch' that triggered the 2008-2009 Global Financial Crisis (GFC).
Download or read book War On Wealth The Fact And Fiction In British Finance Since 1800 written by Ranald Michie and published by World Scientific. This book was released on 2023-03-21 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the divide that exists between the reality of finance and the image it projects. A functioning financial system is an essential feature of a modern economy, providing it with money, credit, capital, and investments. Conversely, those who provide this essential service are neither respected nor trusted. The causes and consequences of this divide is explored using the British experience from 1800 to the present, drawing upon a mixture of factual evidence and contemporary fiction. Nothing of this scale has been attempted before and this is the product of 50 years of research.
Download or read book A Marxist History of the World written by Neil Faulkner and published by Pluto Press. This book was released on 2013-04-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This magisterial analysis of human history - from "Lucy," the first hominid, to the Great Recession of 2008 - combines the insights of earlier generations of Marxist historians with radical new ideas about the historical process.Reading history against the grain, Neil Faulkner reveals that what happened in the past was not predetermined. Choices were frequent and numerous. Different outcomes - liberation or barbarism - were often possible. Rejecting the top-down approach of conventional history, Faulkner contends that it is the mass action of ordinary people that drives great events.At the beginning of the 21st century - with economic disaster, war, climate catastrophe and deep class divisions - humans face perhaps the greatest crisis in the long history of our species. The lesson of A Marxist History of the World is that, since we created our past, we can also create a better future.
Download or read book Critical Theory Today written by Lois Tyson and published by Routledge. This book was released on 2012-09-10 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Critical Theory Today is the essential introduction to contemporary criticial theory. It provides clear, simple explanations and concrete examples of complex concepts, making a wide variety of commonly used critical theories accessible to novices without sacrificing any theoretical rigor or thoroughness. This new edition provides in-depth coverage of the most common approaches to literary analysis today: feminism, psychoanalysis, Marxism, reader-response theory, new criticism, structuralism and semiotics, deconstruction, new historicism, cultural criticism, lesbian/gay/queer theory, African American criticism, and postcolonial criticism. The chapters provide an extended explanation of each theory, using examples from everyday life, popular culture, and literary texts; a list of specific questions critics who use that theory ask about literary texts; an interpretation of F. Scott Fitzgerald's The Great Gatsby through the lens of each theory; a list of questions for further practice to guide readers in applying each theory to different literary works; and a bibliography of primary and secondary works for further reading.
Download or read book Accounting Theory written by William Andrew Paton and published by . This book was released on 1922 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Who Rules America Now written by G. William Domhoff and published by Touchstone. This book was released on 1986 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author is convinced that there is a ruling class in America today. He examines the American power structure as it has developed in the 1980s. He presents systematic, empirical evidence that a fixed group of privileged people dominates the American economy and government. The book demonstrates that an upper class comprising only one-half of one percent of the population occupies key positions within the corporate community. It shows how leaders within this "power elite" reach government and dominate it through processes of special-interest lobbying, policy planning and candidate selection. It is written not to promote any political ideology, but to analyze our society with accuracy.
Download or read book The Revolutionary Ideas of Karl Marx written by Alex Callinicos and published by Haymarket Books. This book was released on 2012-01-31 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible introduction to the author of Capital and coauthor of The Communist Manifesto, with a focus on his relevance in today’s world. Few thinkers have been declared irrelevant and out-of-date with such frequency as Karl Marx. Hardly a decade has gone by since his death in which establishment critics have not announced the death of his theory. And yet, despite their best efforts to bury him, Marx’s specter continues to haunt his detractors more than a century after his passing. As the boom and bust cycle of global capitalism continues to widen inequality around the world, a new generation is discovering that the problems Marx addressed in his time are remarkably similar to those of our own. In this engaging and accessible introduction, Alex Callinicos demonstrates that Marx’s ideas hold an enduring relevance for today’s activists fighting against poverty, oppression, environmental destruction, and the numerous other injustices of the capitalist system.
Download or read book The American Perception of Class written by Reeve Vanneman and published by . This book was released on 1988-07 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scholars and nonacademics alike have usually assumed that the American working class does not think of itself as a coherent class opposed to the dominant powers in American society-in short, that it is not class conscious. In international perspective, the American working class appears docile and complacent. It has never supported a strong socialist movement; a weak union movement has limited itself to simple wage demands; and class conflict here has rarely threatened to explode into a social revolution. Both radicals and mainstream scholars have explained this American exceptionalism by the conservative psychology of the American worker.This provocative book presents a new vision of the American working class. The American Perception of Class offers a radically new interpretation of American class conflict and criticizes earlier analyses for psychologizing the problem and "blaming the victims" for their subordination. It marshals a great variety of evidence, primarily from national surveys, to demonstrate that, contrary to what almost everybody has assumed, American workers are indeed class conscious. They have not been so beguiled by images of a classless society that they can no longer recognize the divide that separates them from their middle class and corporate bosses; nor have they been swallowed up by an affluent middle class; and they have not been so divided by racial and ethnic loyalties, or gender specific interests that they have forgotten their common class position.Finally, the book suggests a new approach to class conflict in America-one not based on the psychology of the American worker but on the strength of American business and its capacity to overwhelm or redirect any challenge from below. No other working class has faced such a formidable opponent. Author note: Reeve Vanneman is Associate Professor of Sociology at the University of Maryland at College Park. >P>Lynn Weber Cannon is Associate Director for the Center for Research on Women and Professor of Sociology at Memphis State University.
Download or read book 23 Things They Don t Tell You about Capitalism written by Ha-Joon Chang and published by Bloomsbury Publishing USA. This book was released on 2011-01-02 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: INTERNATIONAL BESTSELLER "For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book will be invaluable."-Observer (UK) If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.
Download or read book Where Are the Workers written by Robert Forrant and published by University of Illinois Press. This book was released on 2022-06-28 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The labor movement in the United States is a bulwark of democracy and a driving force for social and economic equality. Yet its stories remain largely unknown to Americans. Robert Forrant and Mary Anne Trasciatti edit a collection of essays focused on nationwide efforts to propel the history of labor and working people into mainstream narratives of US history. In Part One, the contributors concentrate on ways to collect and interpret worker-oriented history for public consumption. Part Two moves from National Park sites to murals to examine the writing and visual representation of labor history. Together, the essayists explore how place-based labor history initiatives promote understanding of past struggles, create awareness of present challenges, and support efforts to build power, expand democracy, and achieve justice for working people. A wide-ranging blueprint for change, Where Are the Workers? shows how working-class perspectives can expand our historical memory and inform and inspire contemporary activism. Contributors: Jim Beauchesne, Rebekah Bryer, Rebecca Bush, Conor Casey, Rachel Donaldson, Kathleen Flynn, Elijah Gaddis, Susan Grabski, Amanda Kay Gustin, Karen Lane, Rob Linné, Erik Loomis, Tom MacMillan, Lou Martin, Scott McLaughlin, Kristin O’Brassill-Kulfan, Karen Sieber, and Katrina Windon
Download or read book Theory as Critique Essays on Capital written by Paul Mattick and published by BRILL. This book was released on 2018-06-12 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory as Critique, while discussing many central issues of Marxian theory, has two main emphases: First, as the title suggests, it takes seriously Capital’s claim to be a critique of economic theory, rather than a contribution to political economy. Understanding what this means, it shows, goes far to unravelling many difficulties traditionally found in Marx’s book, from the nature of his theory of class to the 'transformation problem'. Secondly, Mattick’s volume carefully explores how to bridge the gap between the extreme abstraction of Marx’s ideas and the complex reality that they are intended to help us understand.
Download or read book Law and the Rise of Capitalism written by Michael Tigar and published by NYU Press. This book was released on 2000-06 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tigar (Washington College of Law, American U.) has written a new introduction and extended afterword that update this Marxist analysis of law and jurisprudence, originally published in 1977. The study traces the role of law and lawyers in the rise of the European bourgeoisie. The new material discusses human rights issues and social movements over the past two decades, including political prisoners and the death penalty. c. Book News Inc.
Download or read book The Great Transformation written by Karl Polanyi and published by Penguin Classics. This book was released on 2024-06-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'One of the most powerful books in the social sciences ever written. ... A must-read' Thomas Piketty 'The twentieth century's most prophetic critic of capitalism' Prospect Karl Polanyi's landmark 1944 work is one of the earliest and most powerful critiques of unregulated markets. Tracing the history of capitalism from the great transformation of the industrial revolution onwards, he shows that there has been nothing 'natural' about the market state. Instead of reducing human relations and our environment to mere commodities, the economy must always be embedded in civil society. Describing the 'avalanche of social dislocation' of his time, Polanyi's hugely influential work is a passionate call to protect our common humanity. 'Polanyi's vision for an alternative economy re-embedded in politics and social relations offers a refreshing alternative' Guardian 'Polanyi exposes the myth of the free market' Joseph Stiglitz With a new introduction by Gareth Dale
Download or read book Conversations with Sam Shepard written by Jackson R. Bryer and published by Univ. Press of Mississippi. This book was released on 2021-09-30 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: A prolific playwright, Sam Shepard (1943–2017) wrote fifty-six produced plays, for which he won many awards, including a Pulitzer Prize. He was also a compelling, Oscar-nominated film actor, appearing in scores of films. Shepard also published eight books of prose and poetry and was a director (directing the premiere productions of ten of his plays as well as two films); a musician (a drummer in three rock bands); a horseman; and a plain-spoken intellectual. The famously private Shepard gave a significant number of interviews over the course of his public life, and the interviewers who respected his boundaries found him to be generous with his time and forthcoming on a wide range of topics. The selected interviews in Conversations with Sam Shepard begin in 1969 when Shepard, already a multiple Obie winner, was twenty-six and end in 2016, eighteen months before his death from complications of ALS at age seventy-three. In the interim, the voice, the writer, and the man evolved, but there are themes that echo throughout these conversations: the indelibility of family; his respect for stage acting versus what he saw as far easier film acting; and the importance of music to his work. He also speaks candidly of his youth in California, his early days as a playwright in New York City, his professionally formative time in London, his interests and influences, the mythology of the American Dream, his own plays, and more. In Conversations with Sam Shepard, the playwright reveals himself in his own words.
Download or read book Theories of Social Capital written by Ben Fine and published by Pluto Press. This book was released on 2010-03-15 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tracing the evolution of social capital since his highly acclaimed contribution of 2001 (Social Capital Versus Social Theory), Ben Fine consolidates his position as the world's leading critic of the concept. Fine forcibly demonstrates how social capital has expanded across the social sciences only by degrading the different disciplines and topics that it touches: a McDonaldization of social theory. The rise and fall of social capital at the World Bank is critically explained as is social capital's growing presence in disciplines, such as management studies, and its relative absence in others, such as social history. Writing with a sharp critical edge, Fine not only deconstructs the roller-coaster presence of social capital across the social sciences but also draws out lessons on how (and how not) to do research.
Download or read book The Ideas of Karl Marx written by Alan Woods and published by Wellred Books. This book was released on 2018-11-12 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marx was the best hated and most calumniated man of his time. Governments, both absolutist and republican, deported him from their territories. Bourgeois, whether conservative or ultra-democratic, vied with one another in heaping slanders upon him. All this he brushed aside as though it were a cobweb, ignoring it, answering only when extreme necessity compelled him. And he died beloved, revered and mourned by millions of revolutionary fellow workers – from the mines of Siberia to California, in all parts of Europe and America… His name will endure through the ages, and so also will his work. Two hundred years after the birth of the great revolutionary Karl Marx, across the world, the capitalist system is in crisis and the working class are moving into action to change their lives. In ruling class circles, no longer do they snidely declare the death of Marx. On the contrary, there is fear and consternation in their ranks. There has, therefore, never been a more urgent time to study his ideas. This short book, released for the two hundredth birthday of Marx, contains a series of articles on the man, his life, and his ideas: from an explanation of the philosophy of Marxism; to Marx’s battles against petty-bourgeois anarchist ideas; to Trotsky’s assessment of the Communist Manifesto. And much more! This book should be read by all class-conscious workers as the beginning of the study of the ideas of Marxism. As Lenin said, “without revolutionary theory there can be no revolutionary movement."
