Tag Archives: sustainable cost accounting

The shoe is dropping.Tax Research UKIf 50% of the world’s investments are going to ethically invested within five years there’s going to be a massive demand for accounting reformRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

Sustainable cost accounting and the political necessity of addressing reality.Tax Research UKBusiness has to change its accounting for the climate crisis and Mark Carney needs to go further than he’s suggesting is necessaryLabour needs to drop the Green Industrial Revolution: we need a Green New Deal, and they’re nothing like the same thingRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive...

The simple fact is that the Green New Deal and profit maximisation are incompatible with each other, and this is of massive importance and is an issue that cannot be ducked if the Green New Deal is to work. This is the idea behind my work on what I call sustainable cost accounting (SCA). The core idea within SCA is that existing accounts treat the supply of finance as the constraint on corporate activity and as such the return to financial capital is considered to be the focus of financial...

Until markets correctly evaluate true price based on true costs, negative externalities will continue to be socialized and the public, which now included everyone in the world, will pay the difference. This won't happen without institutional changes, including legal.Tax Research UKSustainable cost accounting – an introduction Sustainable cost accounting – the change needed to make business take the Green New Deal seriously Sustainable Cost Accounting: the paper supporting my...