Enterprise Entity, Money, and Accounting. Landmarks for a Journey in Economic Theory
Economie Appliquée, Vol. LXI, No. 2, pp. 5-42, 2008
Posted: 23 May 2009
Date Written: January 20, 2008
Under an equilibrium framework, “price system” suffices for representing, co-ordinating and regulating the whole economy, its constituents and their interactions. Therefore, together with money and accounting, the firm - as an enterprise entity having its own organisation and management - is misunderstood. This article addresses the joint role played by enterprise entity, money and the “accounting system” in the economic and monetary process that takes place in the making of economic systems as wholes.
Keywords: general equilibrium, system, process, economic analysis, economic theory, accounting, price system
JEL Classification: E40, D20, L20, M41
Suggested Citation: Suggested Citation