Quotation Lampe, Markus, Sharp, Paul. 2019. Accounting for the wealth of Denmark: a case study of Smithian growth using the emergence of modern accounting in Danish dairying. European Journal of the History of Economic Thought. 26 (4), 659-697.


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Abstract

The idea of “Smithian growth” rests on a “natural” development out of agriculture through capital accumulation, and the division of labour. We confront these concepts with an “historical experiment” and the case of Danish agriculture in the nineteenth century. Specifically, we look at how accounting was used to promote specialization, ultimately in butter production, leading to the massive increases in productivity that Smith predicted. We also observe the emergence of Smithian “philosophers”. This ultimately led to the capital-intensive industrialization of Danish agriculture through butter factories, and general development. We argue that this establishes the historical relevance of Smith’s theories.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal European Journal of the History of Economic Thought
Citation Index SSCI
Language English
Title Accounting for the wealth of Denmark: a case study of Smithian growth using the emergence of modern accounting in Danish dairying
Volume 26
Number 4
Year 2019
Page from 659
Page to 697
Reviewed? Y
URL https://www.tandfonline.com/doi/full/10.1080/09672567.2019.1634751
DOI https://doi.org/10.1080/09672567.2019.1634751
Open Access N

Associations

People
Lampe, Markus (Details)
External
Sharp, Paul (University of Southern Denmark, Denmark)
Organization
Institute for Economic and Social History IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
5318 Farm management (Details)
5335 Political economic theory (Details)
5340 Economic history (Details)
6521 Economic history (Details)
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