Synopses & Reviews
This ground-breaking book introduces macro accounting. Most modern money emerges out of accounting documentation of private executory debt contracts within exchange processes. Money-information markers are basically negotiable (exchangeable for value) debt instruments. Macro accounting techniques provide sufficient detail to examine the complex coupling relations and the resulting constraints among exchanges of good, services, and money-information markers of various sorts.
The book begins with a discussion of the fundamental concepts of trades, exchanges, and the accounting basis of money. Accounting is then described as an aspect of empirical science--a means of observing concrete processes. Drawing on these basic ideas, Swanson extends organizational accounting to societies and supranational systems. The last four chapters simulate economic processes. The book should be read by serious students of economics, accounting, and political science as well as societal policy markers and the international banking community.
Synopsis
A groundbreaking introduction to macro accounting, a methodology that examines monetary dynamics in and among market-based societies.
Synopsis
This ground-breaking book introduces macro accounting, a methodology that examines monetary dynamics in and among market-based societies. Most modern money emerges out of accounting documentation of private executory debt contracts within exchange processes. Currently, economic decisions are often made on data from sets of transactions decoupled from their reciprocating transactions--ignoring the basic exchange dynamic. Macro accounting illuminates complex coupling relationships characteristic of exchange economies. Swanson describes many simulations, varying both the way money-information markers are introduced and the structures of economies. Counter-intuitive results are sometimes obtained while some common perceptions are confirmed.
Synopsis
accounting, a methodology that examines monetary dynamics in and among market-based societies.
About the Author
G. A. SWANSON is a Professor of Accounting at Tennessee Technological University.
Table of Contents
Preface
Introduction and Overview
Empirical Science--Observing Concrete Systems
Accounting Measurement of Concrete Processes
Macro Accounting
Basic Economic Processes
Dynamics of Interest, Taxes, Rent, Royalties, Dividends, and Profit
Recurring Effects of Certain Dynamics
Supranational Systems: Inter-Societal Exchanges
Conclusions
Index