Today, I am proud to announce that I have completed the First Edition of Work-Standard Accounting Practices. The finalized PDF copy is now ready for download. Similar to the PDF versions of The Work-Standard (2nd Ed.) and The Third Place… Read More ›
Who Audits Auditors, if not Accountants? Everyone in the Western world and elsewhere knows that the Liberal Capitalist have been espousing their versions of “freedom” and their “democracy” since 1945. What everyone should realize is that there is no single… Read More ›
What caused the accounting standard of the Soviet Union and Eastern Bloc countries to pursue Adam Smith’s conception of the Labor Theory of Value (LTV) instead of the one espoused by Karl Marx? It is true that Marx’s LTV is… Read More ›
There’s a new installment of Economic History Case Studies coming up in the next thirty minutes after this Update post goes live. It is based on my experiences writing Work-Standard Accounting Practices, particularly why I suspect Soviet accounting practices end… Read More ›
Since Production for Dasein relies on Command-Obedience Account Bookkeeping and the Reciprocal-Reserve Banking System, it should not be too unusual to expect Financial Reporting practices specifically catering to the Work-Standard. Accountants familiarized with the Worksheet of Sociable Accounts need to… Read More ›
I am going to work on the final two Entries of Work-Standard Accounting Practices both today and tomorrow. The goal is to complete everything before the middle of next week is now at hand. The final .PDF File and the… Read More ›
Today, I am proud to announce that this marks my 1,000th Post on The Fourth Estate. After spending three years on the Blog, I cannot believe that an important milestone has been achieved. I may have maintained a number of… Read More ›
In “The Cash and Accrual Methods” and “The Modified Accrual Method” Entries from Section One, I discussed about the most prominent accounting techniques employed under Neoliberalism in both Production for Profit and Production for Utility. The Cash-Basis Method only provides… Read More ›
I had enough spare time in my schedule to finish two Entries for Work-Standard Accounting Practices. All that remains at the moment is the Final Entry from Section Three and the Conclusion Entry. I am just beginning to figure out… Read More ›
Typically, when Arbeit is contributed to the Life-Energy Reserve, they are instantly converted to Geld by the Central Bank. This Geld goes straight to the “State Budget” of the Council State. From there, the Council State will then be able… Read More ›
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