ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book utilizes neoclassical theory for comparative purposes. Neoclassical theory is one of the theories to be considered as part of a pluralist strategy. Mainstream accounting is heavily influenced by neoclassical economics – ontologically, methodologically and politically – and this is recognized as a major problem by social, environmental and critical accounting academics. Drawing on heterodox streams of economic thought – as a challenge to neoliberal and neoclassical economic orthodoxy – will be a crucial part of efforts to democratize accounting. Neoclassical ideas about social profitability in terms of Cost-Benefit Analysis are perhaps even more dangerous in developing countries. Fortunately, there are sometimes counteracting institutions in terms of laws about environmental impact statement as well as guidelines about corporate social responsibility.
