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.
BibTeX
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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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)