An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
One of the failings of accounting is that it simply cannot deal effectively with human assets - and therefore by extension any common goods whether that is a clean environment, public ownership of intellectual property or public provision of infrastructure.
Accounting is good for the material/flesh/secular issues Neil the other things you bring in there are non-secular issues and youre right financial accounting is not the tool to use there...
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One of the failings of accounting is that it simply cannot deal effectively with human assets - and therefore by extension any common goods whether that is a clean environment, public ownership of intellectual property or public provision of infrastructure.
Accounting is good for the material/flesh/secular issues Neil the other things you bring in there are non-secular issues and youre right financial accounting is not the tool to use there...
Accounting and finance are central because capitalism, the objective of which is profit. M-C-M'
It's about the munnie.
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