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2006

Economics

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Social Choice Theory Implications For Management Control Systems, David Randall Jenkins Jan 2006

Social Choice Theory Implications For Management Control Systems, David Randall Jenkins

David Randall Jenkins

This paper contributes a social choice theory competent context to managerial accounting. This context enables an economic progression framework that will ultimately drive performance measure content and, inter alia, contribute a meaningful standard for financial accounting's going concern assumption.

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The Economic Possibilities Of Our Grandparents, A Retrospective On John Maynard Keynes's Economic Possibilities Of Our Grandchildren, Karl Widerquist Dec 2005

The Economic Possibilities Of Our Grandparents, A Retrospective On John Maynard Keynes's Economic Possibilities Of Our Grandchildren, Karl Widerquist

Karl Widerquist

This article draws lessons about the automation revolution by looking back at predictions John Maynard Keynes made back in 1928 about what technological innovation could do for humanity. Keynes rightly predicted the enormous economic growth the economy would experience for the rest of the twentieth century but wrongly predicted that it would greatly reduce the work week. This article examines how he got it so right and so wrong, and uses that examination to draw lessons about dealing with the automation revolution today. Automation is nothing new. Its potential—both to improve life and to disrupt people’s lives—as been accumulating for …

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