What does the phrase "accounting logic" mean, particularly as used in the new book Monoculture?
July 7, 2012 8:15 AM Subscribe
I'm reading the book Monoculture
by FS Michaels, which describes how what the author calls "the economic story," which she sees as dominant in our culture and as having replaced earlier dominant stories rooted in religion and science, is shaping people's work, communities, education, and relationships. In the book, Michaels talks about how "as the economic story spreads to government, a language based on economics develops along with a new way of thinking and reasoning about what goes on in government -- a kind of accounting logic. That accounting logic makes two assumptions: first, that anything and everything your government does can be assessed in terms of what value is added, and second, that the value added can be linked to how much money is spent on the activity in the first place." Etc. My question is: in this context, what does the phrase "accounting logic" mean?
posted by Susan PG to Society & Culture (5 answers total) 3 users marked this as a favorite
I have Googled, but Google doesn't really help. I'm curious: Is "accounting logic" a commonly-used industry term, or is it something Michaels coined herself? Is it a narrow industry phrase, maybe, that Michaels is expanding past its original usage to mean something like 'the worldview that would logically be expected to arise out of seeing the world mainly through a numbers-based lens"?
Don't know anything about accounting, don't have any financial training. If you can help, I'd appreciate it.