Almost all economists, whether classical, neoclassical or Marxist, have failed in their analyses of capitalism to consider the underpinning systems of accounting. This book draws attention to this lacuna, focusing specifically on the concept of capital: a major concept that dominates all teaching and practice in both economics and management. It is argued that while for the practitioners of capitalism – in accounting and business – the capital in their accounts is a debt to be repaid (or a thing to be kept), for economists, it has been considered a means (or even a resource or an asset) intended to be worn out. This category error has led to economists failing to comprehend the true nature of capitalism. On this basis, this book proposes a new definition of capitalism that brings about considerable changes in the attitude to be had towards this economic system, in particular, the means to bring about its replacement. This book will be of significant interest to readers of political economy, history of economic thought, critical accounting and heterodox economics.

There is a substantial body of work emerging currently, seeking to address the problems caused by the economic model that has dominated the world for the last several hundred years – not least the negative impacts on the environment and sustainable health of the biosphere. This book adds to that body of literature, and brings an interesting new set of ideas into play. The author offers an approach to the philosophies and politics of nature based on a reinterpretation of the history of capitalism, in particular its concept of capital. It leads to a new anti-capitalist conception of the philosophy of ecology which takes into account at the same time history, ethics, politics, law and economics. By linking philosophy, law, economics and management, this work seeks to go beyond the mono-disciplinary and purely theoretical approaches which often characterize works devoted to the philosophy of nature, or the philosophy of ecology. It proposes a concrete philosophical alternative to modern capitalism which leads to ecological co-management and care at all levels of society, including that of political bodies, and the reform of constitutions and parliaments. In short, it is a book for a theory and a practice of environmental action in the broad sense within the framework of an institutional revolution passing in particular through the heart of the capitalist system.

Starting with the first "scientific" economists such as Cantillon (1755) and Quesnay (1758) and ending with Piketty (2019), this book explores the treatment of the concept of capital in the history of accounting and economic thought. The work provides a rare juxtaposition of the reasoning, discourse and writings of accountants and economists. With regard to ‘capital’, this approach highlights the ongoing struggle between these "uncongenial twins" – as Kenneth Boulding put it – for primacy in analysing, and utilising, capitalism. But if they are certainly "uncongenial", the book also argues that it is wrong to ever classify these two disciplines as "twins" because they have taken very different paths ever since scientism came to dominate in economics and ethical and moral considerations were put to one side. This book will be of significant interest to readers to history of economic thought, critical accounting and heterodox economics.

The strict conversation of financial capital allows accountants to preserve capitalism in its current form. Thus, building a more humane economy will require a new accounting model. Humanitarian Ecological Economics and Accounting: Capitalism, Ecology and Democracy argues for the adoption of a CARE model: comprehensive accounting in respect of ecology. This new model will take the traditional weapons of capitalist accounting and turn them against capitalism, with a goal to protect and conserve human and natural capital within the framework of a democratic society. The CARE model has been conceived as the potential basis of a new type of market economy and of a new type of governance of firms and nations. Additionally, this allows for a new conception of capital, cost and profit that helps with moves towards a society of the commons. The first part of the book explores the reconstruction of accounting and economics from the ground up, outlining the theoretical basis for the model. The second part of the book explores the transformation of the governance of firms and nations. Finally, an additional section is dedicated to the conception of a new model of national accounting. This book will be of significant interest to readers of ecological economics, critical accounting and heterodox economics.

Philosophy of Economics: A Heterodox Introduction provides an introduction to the philosophy of economics through the prism of heterodoxy. Heterodox economics covers a range of approaches and schools of thought but what they have as a common denominator is the conviction that economic phenomena cannot be understood, and thus must not be studied, in isolation from their relevant context. Conversely, the current form of neoclassical economics emerged from the conviction that there is something like economic rationality sui generis which can be treated independently from all other aspects of our world, social or natural. Heterodox approaches challenge this conviction, from a variety of angles: the economic actor is not isolated, but lives in society which shapes him; market goods are only one kind of goods among others, constituting a larger set with ambiguous and shifting inner frontiers; production of goods takes place within nature, is subjected to physical laws and induces in most cases ecologically problematic fluxes of matter (e.g. waste); finally, the whole economic process in general is not in equilibrium, but shows secular trends through which it is connected to the historical world. This book demonstrates the vitality of these heterodox challenges from a philosophical point of view because not only do they formulate new hypotheses within economics, but they challenge economic theory on a much more fundamental level: how is the economy situated in the world, and which are the right methods for its investigation? This book is an ideal introduction for anyone seeking alternative or critical perspectives on the philosophy of economics and economic theory.

The solutions and tools generally offered to policymakers on environmental issues – such as carbon pricing and environmental taxation – most often emanate from neoclassical economists. This book shows that the tools of these economists are ineffective for the job and must be replaced by methods from the sphere of ecological accounting. The work has four main themes: First, the book provides a presentation and criticism of the tools traditionally proposed by neoclassical economists. Adopting a historical perspective, this section shows how these tools have evolved over time and explores some of the theoretical criticisms which have been leveled at them. Second, the book shows how mainstream economists have moved away from more pragmatic and efficient solutions because of their ignorance of the realities of management, in particular, corporate accounting, and their ideologically driven desire to avoid attacking the capitalist model. Third, a toolkit of anti-capitalist ecological accounting is outlined, showcasing the distinct advantages of this approach for the environmental crises. And finally the book considers the concrete possibilities of a rapid application of these new tools to combat the immediate threats we are facing. The book will interest all readers who want to understand how anti-capitalist ecological accounting can contribute to cooling and saving the planet, in particular readers in ecological economics and accounting.