All Economics-related Posts
As established earlier in a preceding Entry, the Soviet Union’s accounting system was designed to accommodate the Economic Planners. The methodology enabled Enterprises to maintain and create records in support of Soviet-Type Economic Planning (STEP). It came into being between… Read More ›
As part of my upcoming preparations to someday write new Entries for Section Three of Work-Standard Accounting Practices, I have written a new Entry describing the Maoist Balance Sheet. This Maoist-style Balance Sheet is pretty nifty that I am still… Read More ›
I am intrigued by the modifications that Chinese Accountants made to the Soviet accounting system under Chairman Zedong as part of the “Cultural Revolution.” The modifications they had made included recording the revenues sources of different Economic Organizations and where… Read More ›
The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany. Oil exports have “held steady” and government spending has “remained high” contributing to growth, the IMF said. Overall, it said… Read More ›
After writing those three new Entries for Section One of Work-Standard Accounting Practices, I decided to take a break and start reading through the academic literature I found while researching for both the Second Edition and my Bookkeeping Certificate coursework…. Read More ›
Worldwide recession probability: The probability of recession for America is 45 percent. The recession probability for Germany is 73 percent. This estimate for India is 0 percent. Indian Economy News: Indian economy continues to be the fastest growing economy among… Read More ›
The Fourth Estate 
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