Economics, Accounting and the True Nature of Capitalism

Jacques Richard is Emeritus Professor at the University of Paris Dauphine, France. He is also an ex-Chartered Accountant and Counsellor of Trade Unions and ex-Member of the Authority of Accounting Standards (Paris). In 2013, he received the "Best Manuscript Award" from the Academy of Accounting Historians. Alexandre Rambaud is Doctor of Mathematics and Management Sciences, and maître de conférences at AgroParisTech – CIRED. He is also Associate Researcher at the University of Paris Dauphine, France, and co-head of the Chaire Comptabilité Ecologique.

Foreword: Capital and social costs as outcomes of struggles with truth Introduction PART I The battle about the concept of capital 1. How a capitalist accounting constitution dominates the world economy 2. The difficulty of economists in understanding the concept of capital in accounting 3. The truth about the concept of capital in accounting 4. The victory of the capital–debt conception in accounting 5. The mystery of the misconception of business capital in economics 6. Two false friends of the capital–debt concept Conclusion of Part I: Two conflicting accounting models of capital PART II Economists and their concepts of capital 7. The traditional classification of economists in materialist and fundist views 8. Proposal for a new classification of the conceptions of capital in economics 9. The issue of human capital Conclusion of Part II PART III Towards a new definition of capitalism 10. Private property as an element (or not) of capitalism 11. Markets as elements (or not) of capitalism 12. The role of money and finance in capitalism 13. Is the separation of capitalist and household production a criterion for capitalism? 14. Is the wage system an element of the definition of capitalism? 15. The nature and reality of capitalist power: The issue of managerialism Conclusion of Part III and the first volume: A new definition of modern capitalism