1. Towards a new ecological and human type of national accounting for developing economies (the CARE/TDL model)
- Author
-
Jacques Richard
- Subjects
green finance ,National accounts ,environmental accounting ,05 social sciences ,Developing country ,020302 automobile design & engineering ,050201 accounting ,02 engineering and technology ,Human type ,human accounting ,ecological accounting against IFRS ,green national accounting ,0203 mechanical engineering ,0502 economics and business ,Development economics ,Economics ,General Economics, Econometrics and Finance - Abstract
The goal of this article is to propose a radical reform of the today’s financial accounting system of businesses accompanied by a corresponding reform of the system of national accounts. It transforms them into genuine ecological and human systems of accounts that can systematically conserve the three main types of capitals which are necessary for the functioning of any economic system. This is a radical means of overcoming the dramatic ecological and human crisis in which the humanity is buried today. This can be done by applying traditional weapons of capital conservation, invented at the end of the Middle Ages by big capitalists for the protection of their financial investments, to human and natural capital. We notably use the famous double entry accounting depicted by Werner Sombart and Max Weber like certain martial arts use the force of the adversary against him. As a result, we come to a complete redefinition of the main concepts of the economics, especially the concepts of capital, profit and market, and to the possibility of a new type of firm management that allows us to get out of the capitalist system.
- Published
- 2020