The New Palgrave Dictionary of Economics

Living Edition
| Editors: Matias Vernengo, Esteban Perez Caldentey, Barkley J. Rosser Jr

Accounting and Economics

Living reference work entry

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DOI: https://doi.org/10.1057/978-1-349-95121-5_527-2
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Abstract

Accounting provides an important source of economic measures, yet consistently falls short of the economist’s conceptual ideal. This shortfall is fodder for economic research, is the result of economic forces, and is the key to making the best possible use of these measures.

Keywords

Accounting and economics Auditing regulation Depreciation Financial Accounting Standards Board (FASB) Generally Accepted Accounting Principles (GAAP) Historical-cost accounting Information school of accounting International Accounting Standards Board (IASB) Measurement school of accounting 

JEL Classifications

M4 
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Notes

Acknowledgments

Helpful comments by Haijin Lin and David Sappington are gratefully acknowledged.

Bibliography

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Authors and Affiliations

  1. 1.