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A Planetary EconomyRequirements for Accounting Standards and Practices

A Planetary Economy: Requirements for Accounting Standards and Practices [A materially large economy in coevolution with nature cannot simply track its internal flows of money. To ensure its long-term persistence, it must also account for its material exchanges with nature. In a planetary economy, financial and material flows would be tracked alongside one another. This would ensure that instruments designed to encourage material efficiency would have the desired effect, and be calibrated correctly. Standard accounting procedures for financial flows are easily adapted to material ones, allowing a side-by-side comparison. With some modifications, the structure used for business entities can apply also to systems of national and global accounts.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Planetary EconomyRequirements for Accounting Standards and Practices

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References (6)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
ISBN
978-3-030-49295-3
Pages
239 –282
DOI
10.1007/978-3-030-49296-0_9
Publisher site
See Chapter on Publisher Site

Abstract

[A materially large economy in coevolution with nature cannot simply track its internal flows of money. To ensure its long-term persistence, it must also account for its material exchanges with nature. In a planetary economy, financial and material flows would be tracked alongside one another. This would ensure that instruments designed to encourage material efficiency would have the desired effect, and be calibrated correctly. Standard accounting procedures for financial flows are easily adapted to material ones, allowing a side-by-side comparison. With some modifications, the structure used for business entities can apply also to systems of national and global accounts.]

Published: Aug 28, 2020

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