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The social risk–rent thesis: A reply to Harney

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  • Toms, J.S.

Abstract

The paper responds to Stefano Harney's critique, ‘Accounting, Risk and Revolution’ and in doing so offers a further extension of Toms (2006, 2010) perspective on labour rents and capitalist risk. Harney's challenge, to ask what is left out of critical accounting's account of risk, is an important one. Therefore the social rent–risk (SRR) hypothesis extends the analysis of critical accounting from systematic risk to include firm specific risk and primitive accumulation risk. It is argued that the SRR approach provides a generalised method of accounting for social relations of production and the necessary conditions of social transformation.

Suggested Citation

  • Toms, J.S., 2010. "The social risk–rent thesis: A reply to Harney," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 21(1), pages 90-95.
    • Handle: RePEc:eee:crpeac:v:21:y:2010:i:1:p:90-95
    DOI: 10.1016/j.cpa.2006.06.004
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    References listed on IDEAS

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    1. Toms, J.S., 2010. "The labour theory of value, risk and the rate of profit," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 21(1), pages 96-103.
    2. Toms, Steven, 2005. "Financial control, managerial control and accountability: evidence from the British Cotton Industry, 1700-2000," Accounting, Organizations and Society, Elsevier, vol. 30(7-8), pages 627-653.
    3. Harvey, David, 2005. "The New Imperialism," OUP Catalogue, Oxford University Press, number 9780199278084.
    4. Michel Aglietta & Régis Breton, 2001. "Financial systems, corporate control, and capital accumulation," Post-Print halshs-00256788, HAL.
    5. Harney, Stefano, 2010. "Accounting, risk, and revolution," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 21(1), pages 14-17.
    6. Ronald E. Day, 2002. "Social capital, value, and measure: Antonio Negri's challenge to capitalism," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 53(12), pages 1074-1082, October.
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    1. Bowman, C. & Toms, S., 2010. "Accounting for competitive advantage: The resource-based view of the firm and the labour theory of value," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 21(3), pages 183-194.
    2. Moerman, Lee C. & van der Laan, Sandra L., 2012. "Risky business: Socializing asbestos risk and the hybridization of accounting," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 23(2), pages 107-116.

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