EconPapers    
Economics at your fingertips  
 

A Note on Accounting and Economic Theory: Past, Present, and Future

Martin Shubik

Accounting, Economics, and Law: A Convivium, 2011, vol. 1, issue 1, 1-26

Abstract: This paper deals with the changing relationship between economic theory and accounting practice and theory. It argues that many of the basic problems encountered in practice cannot be avoided in any attempt to construct an economic theory adequate to handle dynamics. In particular problems of timing become critical. Furthermore, there are several critical problems concerning profit maximization, the nature of the rate of interest, agency problems within the firm and the payment of dividends which cannot be dealt with unless there is an adequate reconciliation of accounting and economic theory. Summary includes: history of accounting and economic theory; types and purpose of accounting; information, valuation and control; open problems in economic theory and accounting; a brief glance at the crystal ball; accounting, economics and organization.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
https://www.degruyter.com/view/j/ael.2011.1.1/ael. ... .1012.xml?format=INT (text/html)
Download restriction for institutions: For access to full text, subscription to the journal is required. Individual readers who register with De Gruyter Online get free access.

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: https://EconPapers.repec.org/RePEc:bpj:aelcon:v:1:y:2011:i:1:n:1

Ordering information: This journal article can be ordered from
https://www.degruyter.com/view/j/ael

Access Statistics for this article

Accounting, Economics, and Law: A Convivium is currently edited by Reuven S. Avi-Yonah, Yuri Biondi and Shyam Sunder

More articles in Accounting, Economics, and Law: A Convivium from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

 
Page updated 2019-11-07
Handle: RePEc:bpj:aelcon:v:1:y:2011:i:1:n:1