Searching for the accounting features of capitalism: an illustration with the economic transition process in China
AbstractIn this paper, the authors show that capitalism and double-entry bookkeeping are not indissociably interconnected as Sombart argued in his book in 1916. Indeed, the double-entry bookkeeping accounting system was also adopted by anti-capitalist countries where a new economic system was set up. A study of how accounting has changed with the economic transition in China helps us identify those "accounting features" required for a capitalist economy that clearly differ from those needed for the planned and centralized economy.
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Bibliographic InfoPaper provided by HEC Paris in its series Les Cahiers de Recherche with number 817.
Length: 37 pages
Date of creation: 01 Jan 2005
Date of revision:
capitalism; communism; accounting; China; reform; transitional economy;
Find related papers by JEL classification:
- B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-29 (All new papers)
- NEP-CNA-2006-01-29 (China)
- NEP-HPE-2006-01-29 (History & Philosophy of Economics)
- NEP-SEA-2006-01-29 (South East Asia)
- NEP-TRA-2006-01-29 (Transition Economics)
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