Accounting For Crises: A Marxist History Of American Accounting Theory, C.1929-2007 (Record no. 9991)

MARC details
000 -LEADER
fixed length control field 02482nam a2200205 i 4500
001 - CONTROL NUMBER
control field 9789811267062
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20250414083508.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 240416t2024 xxu e 001 0 eng
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9789811267062
037 ## - SOURCE OF ACQUISITION
Source of stock number/acquisition World Scientific Publishing
Terms of availability USD 158.00
037 ## - SOURCE OF ACQUISITION
Form of issue BB
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
072 #7 - SUBJECT CATEGORY CODE
Subject category code BUS001000
Source bisacsh
100 1# - MAIN ENTRY--PERSONAL NAME
Relationship A01
Personal name Bryer, Rob
245 10 - TITLE STATEMENT
Title Accounting For Crises: A Marxist History Of American Accounting Theory, C.1929-2007
260 2# - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. World Scientific
Date of publication, distribution, etc. 2023
520 ## - SUMMARY, ETC.
Expansion of summary note 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).
521 ## - TARGET AUDIENCE NOTE
Target audience note Professional and scholarly
540 ## - TERMS GOVERNING USE AND REPRODUCTION NOTE
Terms governing use and reproduction For sale with non-exclusive rights
Jurisdiction WORLD
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Date acquired Total checkouts Barcode Date last seen Price effective from Koha item type
    Dewey Decimal Classification     Centerville Centerville 15/04/2025   1000000167 15/04/2025 15/04/2025 Books
    Dewey Decimal Classification     Centerville Centerville 15/04/2025   1000000168 15/04/2025 15/04/2025 Books
    Dewey Decimal Classification     Centerville Centerville 15/04/2025   1000000169 15/04/2025 15/04/2025 Books