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Accounting and the Influence of Economics at LSE

  • Christopher J. NapierEmail author
Chapter

Abstract

Accounting has been taught and studied at LSE since 1902, but for the first 30 years, it was a largely technical subject. Early accounting professors, Laurence Dicksee and Frederic de Paula, were practitioners influenced by law rather than economics. In the 1930s, however, a group of economists with accounting training, including Ronald Coase, developed the LSE tradition in cost theory. This tradition was continued into the 1970s by the so-called LSE Triumvirate—William Baxter, Harold Edey and David Solomons—who influenced both a generation of UK accountants and the British government. More recently, the Department of Accounting has become associated with the ideas of Anthony Hopwood and his followers. They argue that economics could not have gained its current prominence without the calculations of accounting.

Keywords

Financial reporting Opportunity cost Value to the business Inflation accounting Discounted cash flow Calculative practices 

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Authors and Affiliations

  1. 1.Royal Holloway, University of LondonLondonUK

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