The Jeffersonian Empire of Liberty is being confronted by its own temporality. The “Unipolar Moment” which the Jeffersonians have been trying to build throughout the early 20th century has come to an end. America’s fiscal health is hardly suitable for… Read More ›
I have a few ideas on what I would like to write about sometime this week, but I am still trying to figure out which one deserves to be articulated first. Overall, I have narrowed my ideas to three proposed… Read More ›
My Steam copy of China: Mao’s Legacy has been constantly updating itself over the past few days now. Aside from Kremlingames issuing continuous patches, I have a feeling that the new DLC for that game is going to come out… Read More ›
I decided to spend some time playing through the latest update of Kremlingames’ China: Mao’s Legacy late last night. Apparently, Kremlingames is planning to release a future expansion of that game later this year called “The Fallen Eagle,” which might… 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 ›
Much like the concept of a national educational system, contemporary understandings of the Accounting Profession are a byproduct of the two World Wars and the Great Depression. The Accounting Profession found itself pressed to assist in the allocations of their… Read More ›
Compared to the previous two Entries that focused on Environmentalism and Feminism, Marxist Theory posited its own criticisms of Double-Entry Account Bookkeeping that differed from the other two ideologies. While Environmentalism is divided over Kapital and Feminism has somewhat conformed… Read More ›
The Soviets were already employing their own accounting system to measure economic performance well before the Liberal Capitalists adopted theirs at the United Nations during the 1950s. The Material Product System (MPS) was designed to provide an accounting system catering… Read More ›
Some might be surprised to discover that there is no real Science behind Accounting. It is in final analysis an Artform comparable to painting and sculpting. Unlike Political Science, the Social Sciences, or even the Natural Sciences like Physics, Chemistry… Read More ›
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