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This paper discusses recent UK monetary policies as instances of Galbraith’s ‘innocent frauds’, including the idea that money is a thing rather than a relationship, the fallacy of composition that what is possible for one bank is possible for all banks, and the belief that the money supply...
Persistent link: https://www.econbiz.de/10008636534
professionals involved in reforming the local government finance and accounting systems, that are trying hard to become a language … hand: budget and accounting. …
Persistent link: https://www.econbiz.de/10010632095
accountants (Stiglitz and Weiss 1988). It highlights the credit nature of money, and thus the fact that money is an accounting … construct. This motivates the viewing of financial booms and crises through an accounting lens. By accounting necessity, credit …
Persistent link: https://www.econbiz.de/10005055497