American ideology, socialism and financial accounting theory : a counter view

Oldroyd, D.; Tyson, T.N.; Fleischman, R.K.

doi:10.1016/j.cpa.2014.03.001

American ideology, socialism and financial accounting theory : a counter view

Oldroyd, D.; Tyson, T.N.; Fleischman, R.K.

Authors

D. Oldroyd

T.N. Tyson

R.K. Fleischman

Contributors

DA Mccollum-Oldroyd sxkj33@durham.ac.uk
Other

Abstract

This paper is a response to part three of Rob Bryer’s (RB) analysis of the development of capitalism in the U.S., which focuses on the ideology underlying accounting practice rather than the practices themselves. We argue that RB has misread the independent producer ideology for a wider and more nuanced attachment to individual liberty that has colored American history from independence to the present day. We dispute his analysis of the decline of socialism as being the outcome of ideological struggle, and in particular Irving Fisher’s contribution to its demise. The paper also challenges RB’s views on Adam Smith’s legacy and Irving Fisher’s influence over FASB’s CF. Finally, it examines the historiographical implications of RB’s study and our counter non-Marxist narrative.

Citation

Oldroyd, D., Tyson, T., & Fleischman, R. (2015). American ideology, socialism and financial accounting theory : a counter view. Critical Perspectives On Accounting, 27, 209-218. https://doi.org/10.1016/j.cpa.2014.03.001

Journal Article Type	Article
Acceptance Date	Feb 5, 2014
Online Publication Date	Mar 26, 2014
Publication Date	Mar 1, 2015
Deposit Date	Feb 11, 2014
Publicly Available Date	Feb 21, 2014
Journal	Critical Perspectives On Accounting
Print ISSN	1045-2354
Publisher	Elsevier
Peer Reviewed	Peer Reviewed
Volume	27
Pages	209-218
DOI	https://doi.org/10.1016/j.cpa.2014.03.001
Keywords	Critical, Social, Public interest, Financial accounting, Capitalism.
Public URL	https://durham-repository.worktribe.com/output/1459308

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Copyright Statement
NOTICE: this is the author’s version of a work that was accepted for publication in Critical Perspectives on Accounting. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Critical Perspectives on Accounting, 27, March 2015, 10.1016/j.cpa.2014.03.001.