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Towards a new ecological and human type of national accounting for developing economies (the CARE/TDL model)
- Source :
- BRICS Journal of Economics 1(2): 41-58, BRICS Journal of Economics 1(1): 43-59
- Publication Year :
- 2020
- Publisher :
- Pensoft Publishers, 2020.
-
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.
- 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
Subjects
Details
- ISSN :
- 27127508
- Database :
- OpenAIRE
- Journal :
- BRICS Journal of Economics
- Accession number :
- edsair.doi.dedup.....8666f2bdf78f1baf006ab76321a320b0