Modes of Regulation in Advanced Capitalism: Locating Accountancy in Four Countries
Accounting, Organizations and Society, Vol. 12, No. 3, 1987
University of Alberta School of Business Research Paper No. 2013-119
Posted: 26 May 2013 Last revised: 27 Jun 2013
Date Written: May 1, 1986
Abstract
The paper presents a framework for examining how accounting practices are regulated within advanced capitalist societies. Through the critical use of Streeck & Schmitter's (Private Interest Government and Public Policy, Sage, London, 1985) exploration of models of social order, regulation is theorised as an expression of the combination of the organising principles of Market, State and Community. The analytical framework is then applied to compare modes of accounting regulation in the Federal Republic of Germany, the United Kingdom, Sweden and the United States of America. The paper highlights the significance of contradictions within and between the organizing principles of advanced capitalism and seeks to display the regulation of accounting as a medium and outcome of the articulation of these contradictions.
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