Accounting for Crises
SKU: 21037270977

Accounting for Crises

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Accounting for CrisesHistorians have not convincingly explained modern capitalism's two major economic crises, the Great Depression of the 1930s, and the Global Financial Crisis (GFC) of 2008 2009. Accounting for Crises offers a new explanation, why both began and were more severe in the USA ("America"), based on an accounting interpretation of Marx's theory of crises. It explains their origins in capitalists' control of accumulation, which reveals important overlooked

Historians have not convincingly explained modern capitalism's two major economic crises, the Great Depression of the 1930s, and the Global Financial Crisis (GFC) of 2008-2009. Accounting for Crises offers a new explanation, why both began and were more severe in the USA ("America"), based on an accounting interpretation of Marx's theory of crises. It explains their origins in capitalists' control of accumulation, which reveals important overlooked roles for Irving Fisher's accounting theory. This theory, by allowing discretion in accounts, in the context of falling rates of profit, encouraged "swindling", overstating reported profits, and understating their risk, which facilitated and aggravated both crises. Framed by Fisher's theory, during the 1920s American accounting theorists justified discretion, which Creating the "Big Mess" (the companion volume) concluded it management used to conservatively smooth earnings. Accounting for Crises shows that Fisher's theory, also underlays the popular new theory of investment that justified valuing shares using reported earnings, which encouraged their manipulation and legitimized "speculation". This, it argues, underlays America's exceptional late-1920s stock market boom, the 1929 Great Crash, and the depth and length of its Great Depression. Prominently associated with the boom, Fisher became unpopular after the crash, his name disappearing from public debate. Nevertheless, the book concludes, his theory hindered economic recovery, weakened 1930s reforms, undermined accounting regulation from the late-1930s, and following his rehabilitation from the late-1950s, underlies the Financial Accounting Standards Board's conceptual framework, which by allowing off-balance-sheet accounting for securitization-SPEs, fostered the 2007 "credit crunch" that triggered the 2008-2009 Global Financial Crisis (GFC).

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SKU: 21037270977

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wes
Cuba, US
★★★★★ 5
Simple installation
Size: 16inch, Color: 2 Sets
Super easy to put together and came just as it said it would and the directions were very thorough and simple!
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Reviewed in the United States on February 1, 2026
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Paula Ricketts
San Leandro, US
★★★★★ 5
Super cute!
Size: 16inch, Color: 2 Sets
Very nice for our coffee nook and sturdy too!
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Reviewed in the United States on January 28, 2026
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Violeta Mendez
Boise, US
★★★★★ 4
Nice decor for a coffee station
Size: 16inch, Color: 1 Set
I returned this item because it was too big for the area I needed it for. The shelf is a less sturdy than I expected, I think it would hold cups and accessories. It was a nice size and would do well in any coffee station.
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Reviewed in the United States on May 3, 2025
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Rebecca M. O'Brien
Bozeman, US
★★★★★ 5
Problems solved quickly
Size: 16inch, Color: 2 Sets
I ordered this shelving unit because I love the way it looks and it fit the space it's intended for perfectly. When it arrived it looked exactly as described. So happy, then I discovered no hardware. Dread. Memorial Day weekend, 11pm. I took a chance and got ahold of Amazon. Within 30 minutes they instructed me on how to get ahold of the manufacturer. And by the time I went to bed at 6am the manufacturer was working on a plan to get me the parts needed. Originally it was going to take a month to get the parts sent from China, but they came up with a better solution. Not only do I have the parts that were missing but I received them two days ago. Delivery was expected today the 5th. I decided to give 5 stars because initially yes I was upset, but they did their due diligence to make sure I received what was ordered and in a timely manner.
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Reviewed in the United States on June 5, 2025
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Amazon Customer
Waukegan, US
★★★★★ 5
Holds a Lot!
Size: 16inch, Color: 2 Sets
These shelves hold a good bit of smaller items and I love that cups can hang from the hooks. The shelf is real wood and a lovely stain. I wish the baskets didn't come all the way out, but sometimes that's more handy than fishing around inside them while they're in place. I bought four of these shelving units (they're packaged as two) to hang together as a group on a kitchen wall over my coffee station. They make quite an impression when grouped together. Although these shelving units are not large, they are big enough and the shelf is deep enough to hold things of substance. A great way to organize an area and make it look neat.
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Reviewed in the United States on January 6, 2025

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