Ian Fraser of Q Finance interviewed me last summer on the above subject. The interview is now out.
It's long enough to have its own table of contents, which gives some flavour of what the whole thing is about.
My thanks to Ian for this - and for those on Twitter he's a strongly recommended follow - @Ian_Fraser.
- Current content:Introduction
- Current content:Is there one overarching flaw in how economics, finance, and accountancy are taught?
- Current content:Who else was instrumental in ensuring that this sort of thinking became mainstream?
- Are there any pockets of resistance to the way accountancy and economics are taught?
- When and where did you study, and how do you feel you were taught?
- Prem Sikka (professor of accounting at Essex University) said to me in January 2008 that the very language of accountancy militates against ethical behavior, since to classify labor and pensions as “costs” means that they are seen as a burden rather than a contribution. Do you agree with his argument?
- Is it the accountancy profession that’s forcing these views on to the colleges and universities, or is it the other way around?
- Are you suggesting that the Big Four firms sought to reshape how accountancy was practiced and taught solely to reduce their risk of being sued?
- Do the Big Four firms continue to wield massive influence in the way accountancy is taught in the United Kingdom and worldwide?
- So we can’t just blame the way accountancy is taught, because it’s a systemic problem?
- Didn’t we see something along those lines in the film “Inside Job,” which showed that academic economists had become cheerleaders for Wall Street?
- Given the audit failures ahead of the banking crisis, isn’t there a desperate need for change?
- Why do you think the underpinnings of market fundamentalism are never even questioned?
- In Gulliver’s Travels, the Laputans on their floating island are terribly good at maths, science, music, and technology, but they can’t actually make anything that works! Are there parallels with classical economists?