Description
An important debate neglected by accounting historians concerns the existence, origins and significance of the British
Industrial Revolution (BIR).Akey problem is explaining why Britain was such a technologically creative society. Part one
uses accounting ideas to explain Marxs theory that industrial capitalism first appeared in Britain and was revolutionary
because it took control of production to maximise the rate-of-return on capital employed. Part two shows that accumulating
evidence of the use of modern management accounting by leading firms during the BIR supports Marxs view
that it was a capitalist
doc_439017834.pdf
An important debate neglected by accounting historians concerns the existence, origins and significance of the British
Industrial Revolution (BIR).Akey problem is explaining why Britain was such a technologically creative society. Part one
uses accounting ideas to explain Marxs theory that industrial capitalism first appeared in Britain and was revolutionary
because it took control of production to maximise the rate-of-return on capital employed. Part two shows that accumulating
evidence of the use of modern management accounting by leading firms during the BIR supports Marxs view
that it was a capitalist
doc_439017834.pdf