Abstract
In this paper, the authors show that capitalism and double-entry bookkeeping are not indissociably interconnected as Sombart argued in his book in 1916. Indeed, the double-entry bookkeeping accounting system was also adopted by anti-capitalist countries where a new economic system was set up. A study of how accounting has changed with the economic transition in China helps us identify those "accounting features" required for a capitalist economy that clearly differ from those needed for the planned and centralized economy.
| Original language | English |
|---|---|
| Journal | Les cahiers de recherche - Groupe HEC |
| Publication status | Published - 2005 |
Keywords
- China
- accounting
- capitalism
- communism
- reform
- transitional
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Chiapello, E., & Ding, Y. (2005). Searching for the accounting features of capitalism: an illustration with the economic transition process in China. Les cahiers de recherche - Groupe HEC.