The roles of financial asset market failure denial and the economic crisis: Reflections on accounting and financial theories and practices

Brendan McSweeney ()

Accounting, Organizations and Society, 2009, vol. 34, issue 6-7, pages 835-848

Abstract: Throughout the world every economic and socio-economic indicator has deteriorated. The so-called [`]real economy' has been deeply contaminated by the most significant global financial crisis for seven decades. The ultimate extent and duration of this rampant degeneration and its longer-term political effects are unpredictable but what caused the crisis? This paper examines a range of suppositions made in theories which deny the possibility of financial asset market failure and identifies ways in which they contributed to the circumstances and actions which created the current crisis.

Date: 2009

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6VCK ... 29d40b47aaa23e2c06d7
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:aosoci:v:34:y:2009:i:6-7:p:835-848

Access Statistics for this article

Accounting, Organizations and Society is edited by A. G. Hopwood

More articles in Accounting, Organizations and Society from Elsevier
Series data maintained by Heidi Boesdal ().