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Solomons, D. Collected Papers on Account-ing and Accounting Education. New York: Garland, 1984 (especially the In-troductions: vol. 1, pp. xiii-xx; vol. 2, pp. xiii-xvi). . Divisional Performance: Measure-ment and Control. New York: Financial Executives Research Foundation, 1965.
. "Economic and Accounting Concepts
of Cost and Value." In Modern Account-ing Theory, edited by M. Backer, pp. 117-140. Englewood Cliffs, NJ: Prentice-Hall, 1966.
. "Economic and Accounting Concepts
of Income," Accounting Review, July 1961, pp. 374-383.
. Guidelines for Financial Reporting
Standards. London: Institute of Chartered Accountants in England and Wales, 1989.
. "The Historical Development of
Costing." In Studies in Costing, edited by D. Solomons, pp. 1-52. London: Sweet and Maxwell, 1952.
. Making Accounting Policy: The
Quest for Credibility in Financial Re-porting. New York: Oxford University Press, 1986. . "The Twilight of Income Measure-ment: Twenty-Five Years On," Account-ing Historians Journal, Spring 1987, pp. 1-6.
Solomons, D., and T.M. Berridge. Prospectus for a Profession: The Report of the Long Range Enquiry into Education and Training for the Accounting Profession. London: Advisory Board of Accountancy Education, 1974.
See also ACCOUNTING HALL OF FAME; AMERI-CAN ACCOUNTING ASSOCIATION; CERTIFIED MANAGEMENT ACCOUNTANT (CMA) EXAMI-NATION; CHARTERED ACCOUNTANTS EXAMI-NATIONS IN ENGLAND AND WALES; CONCEP-TUAL FRAMEWORK; FINANCIAL ACCOUNTING STANDARDS BOARD; GENERALLY ACCEPTED ACCOUNTING PRINCIPLES; INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES; MANAGEMENT ACCOUNTING; SANDILANDS REPORT; WHEAT COMMITTEE
Sombart, Werner (1863-1941)
Werner Sombart, influential political econo-mist, was born and died in Germany. He stud-ied law, economics, history, and philosophy at
the Universities of Berlin, Rome, and Pisa, and eventually became a professor of economics in Berlin. He was a student of the so-called Katheder Socialists (Schmoller and Wagner) in Berlin, and as a young man became a Marxist. However, he was probably too bright to be a Marxist for long and eventually turned anti-Marxist; in fact, his Der Moderne Kapitalismus (Modern Capitalism), published in 1919, is re-ally a book in praise of capitalism, in which he predicted that capitalism would reach its zenith in the twentieth century. Late in life he became an apologist for the National Socialists, but the Nazis did not accept him in this role primarily because his observations on the role of Jews in the Middle Ages conflicted with their own theories.
In terms of sheer volume of publications and translations of his publications, Sombart must be reckoned as one of the more success-ful economists of his time, but he failed to form a school or produce disciples for his views, and must be regarded as a historical curiosity at the present time. This is probably because he com-bined the social and historical origins of his economic thought into an exciting but rather unstable mixture, in a manner that subsequent generations have come to view as unscientific.
These so-called "Sombart Propositions" have received considerable attention in account-ing literature. Yamey (1950, 1964) reviewed them critically in two articles, Winjum (1972) identified "substantial academic support for the Sombart thesis," and Most (1972) found some merit in them. The propositions relate to the role of accounting in the development of capi-talism. Sombart went so far as to state that the introduction of accounting was of the highest importance for the development of capitalism, and clearly, such perception deserves special study.
Sombart took as his point of departure a precapitalistic feudal Europe in which the goal of every man was a sufficiency for existence. He then observed that, at some point, the profit motive replaced satisfaction of personal wants as the driving force in society. He posed the question: By what means did this take place? What turned the precapitalistic artisan or crafts-man into the capitalistic manufacturer? His answer was that man developed two faculties: to calculate and to save, and the significance of accounting was that it combined these two skills into a powerful management tool: the capital-istic firm viewed as an accounting entity.
SOMBART, WERNER (1863 - 1941) 541
Object Description
| Title |
History of accounting: An international Encyclopedia |
| Author |
Chatfield, Michael Vangermeersch, Richard |
| Subject |
Accounting -- History |
| Date-Issued | 1996 |
| Source | Originally published by Garland Publishing, Inc. |
| Rights | Copyright and permission to reprint held by: Academy of Accounting Hitorians |
| Type | Text |
| Format | PDF scanned at 400dpi with corrected OCR |
| Digital Publisher | University of Mississippi Libraries. Accounting Collection |
| Date-Digitally Created | 2011 |
| Language | eng |
| Identifier | vangermeersch |
