Justification: “Propaganda, accounting and finance: An exploration”

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    After briefly discussing the phenomenon of propaganda per se, the chapter (a) infers its influence in the enduring misrepresentation of Adam Smith (in the light of Smith’s ideas the algebraic distinction in financial reporting between profit and labor costs is questioned) and shows Smith’s awareness of the role of propaganda (“clamour and sophistry”); (b) adduces direct evidence of large scale, concerted (and often hidden) propaganda by US business interests. The Anglo-Saxon preoccupation with maximising Shareholder Value and the challenge this poses to more pluralist economic cultures (European and Japanese) is alluded to and linked to the role of (chiefly) US business propaganda.

    Original languageEnglish
    Title of host publicationFrom Individualism to the Individual
    Subtitle of host publicationIdeology and Inquiry in Financial Economics
    EditorsGeorge M. Frankfurter, Elton G. McGoun
    Place of PublicationLondon
    PublisherTaylor & Francis
    Pages54-79
    Number of pages26
    Edition1
    ISBN (Electronic)9781351744553
    ISBN (Print)9781138731646
    DOIs
    Publication statusPublished - 18 Jan 2018

    Publication series

    NameRoutledge Revivals
    PublisherRoutledge

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    Cite this

    Collison, D. J. (2018). Justification: “Propaganda, accounting and finance: An exploration”. In G. M. Frankfurter, & E. G. McGoun (Eds.), From Individualism to the Individual: Ideology and Inquiry in Financial Economics (1 ed., pp. 54-79). (Routledge Revivals). Taylor & Francis. https://doi.org/10.4324/9781315188911