Accounting as the master metaphor of economics

Date:vrijdag 1 mei 1992
Category:Scientific publications

by Arjo Klamer and Donald McClosky

in European Accounting Review, vol.1(1): pp.145-160

abstract

A cultural economic perspective focuses on values as they affect behavior, the valuations in various spheres as well as the valorization, that is, the enhancement or the changing of values. The pragmatic view focuses on the way values function in everyday life and in particular on the deliberations in which they are formed and expressed. Values matter; the challenge is to render them susceptible to analysis in economic contexts. The illustrations are derived from the economics of the arts.

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