The Tragedy of Modern Economic Growth

3404903571_07e490e4fd_z.jpgH. Thomas Johnson, a long standing accounting historian, reflects on how current business practices, which predominantly utilise accounting as their language, are hastening the planet’s decline. His latest article, “The tragedy of modern economic growth: A call to business to radically change its purpose and practices,” is recently published in Accounting History, and is currently free to read.

Johnson argues that modern growth-oriented economies consume resources at a rate faster than the Earth’s ecosystems can presently regenerate, threatening the sustainability of all life. Johnson elucidates how fundamentally new thinking is required to change business practices in ways that protect the Earth. As a solution, this article proposes that the tangible ecological principles that underpin Earth’s life-restorative natural ecosystems provide a more suitable language for materialising a sustainable human economy than the abstract language drawn from accounting and finance.

Click here to access the article. 

Hope/economy photo attributed to Simon King (CC).

This entry was posted in Accounting, Economics, Finance, Uncategorized by Cynthia Nalevanko, Editor, SAGE Publishing. Bookmark the permalink.

About Cynthia Nalevanko, Editor, SAGE Publishing

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 1500 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, Washington DC, and Melburne, our publishing program includes more than 1000 journals and over 900 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

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