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Accounting Profit Versus Economic Income

In: Margins of Error in Accounting

Author

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  • D. R. Myddelton

Abstract

Nearly half a century ago Boulding (1962) wrote: ‘Economics and accountancy [‘the uncongenial twins’] are two disciplines which draw their raw material from much the same mines. From these raw materials, however, they seem to fashion remarkably different products. … In spite of an apparently common subject-matter, they often seem to inhabit totally different worlds, between which there is remarkably little communication.’

Suggested Citation

  • D. R. Myddelton, 2009. "Accounting Profit Versus Economic Income," Palgrave Macmillan Books, in: Margins of Error in Accounting, chapter 5, pages 85-94, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59501-9_5
    DOI: 10.1057/9780230595019_5
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