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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Boise, US
★★★★★ 5
Cool
Cool
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Reviewed in the United States on December 25, 2025
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Weezie77
Phoenix, US
★★★★★ 2
Much too big.
Cute sweatshirt but I returned it. It was way oversized.
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Reviewed in the United States on January 29, 2026
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Renee M.
Grantham, US
★★★★★ 3
shirt is thin, sizing is useless
The shirt is thin but okay. The sizing is useless. I purchased a large and a medium. Each is marked with the size (L and M), but the two shirts are exactly the same size. Laid flat together or held up by the shoulders together, these two shirts are EXACTLY the same.
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Reviewed in the United States on November 27, 2025
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Joe Garnace
Los Angeles, US
★★★★★ 5
Fun Christmas Sweatshirt
Color: 02 Green, Size: Large
I really like this sweatshirt. It was listed as men's so I ordered the large. The sleeves are pretty long, which I really like. Otherwise it fits slightly baggy, but I typically wear a women's large so I ordered the large hoping for a little bit oversized. The material is typical for what a normal sweatshirt is, but is a little more lightweight, which I like. It being a touch thinner allows for easier layering and not peeling it off halfway through the day. The graphic is nice, the colors are bold and crisp. I love Christmas and love having tons of different themed clothing to wear, so I'm super excited to add this to my stash.
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Reviewed in the United States on October 16, 2025
L
Lloyd S.
West Palm Beach, US
★★★★★ 5
Great
This Holiday sweatshirt is great, It's made great with soft materials. It fits perfectly not tight and not bulky. It's warm and can be worn over a t-shirt or a long sleeve shirt when it's cold outside. It doesn't twist or ride up. The design is well made and looks great. The colors are bright and look nice. It's great for the holidays but after they're over I'm going to keep wearing this because I like it. It's a great price because with proper care this sweatshirt will last for a long long time.
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Reviewed in the United States on October 14, 2025

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