Thursday, June 27, 2019

Sustainable Cost Accounting — Richard Murphy


Until markets correctly evaluate true price based on true costs, negative externalities will continue to be socialized and the public, which now included everyone in the world, will pay the difference. This won't happen without institutional changes, including legal.

Tax Research UK
Sustainable cost accounting – an introduction

Sustainable Cost Accounting: the paper supporting my arguments

Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

2 comments:

Bob Roddis said...

This would be funny if it weren't so sad and pathetic. All Austrian analysis is based upon the difference between "true cost" and honest pricing vs. the distorted and unsustainable pricing induced and caused by fiat funny money emissions. This is especially important for capital goods and the maintenance of capital goods which is central to the "costing" of environmental and long term matters. Let's make sure that this analysis never sees the light of day, right?

Andrew Anderson said...

All Austrian analysis is based upon the difference between "true cost" and honest pricing vs. the distorted and unsustainable pricing induced and caused by fiat funny money emissions. Bob Roddis

While Austrians would steal via needlessly expensive fiat and deflation.

The solution then is ethical fiat creation and use - not changing the method of theft.