Emancipatory Accounting and Sustainable Development: A Gandhian-Vedic Theorization of Experimenting with Truth

Title
Emancipatory Accounting and Sustainable Development: A Gandhian-Vedic Theorization of Experimenting with Truth
Publication Date
2006
Author(s)
Saravanamuthu, Kalathevi
Type of document
Journal Article
Language
en
Entity Type
Publication
Publisher
John Wiley & Sons Ltd
Place of publication
United Kingdom
DOI
10.1002/sd.266
UNE publication id
une:8735
Abstract
Margaret Thatcher and Ronald Reagan implemented Hayek's market economics by manipulating macro-structural forces. It is argued here that the culture of sustainable development appears to be disseminating in the opposite way: it is gradually permeating through from concentrated pockets of practices to its surrounding communities. The difference in diffusion patterns should be reflected in proposed formulations of emancipatory accounting frameworks: emancipatory accounting should allow for moral development of the individual (by caring for the needs of the other). It becomes another vehicle for engaging in stakeholder dialogue about the meaning and implications of sustainable development. The defining characteristics of this emancipatory accounting framework are as follows: its definition of sustainability should transcend the narrow interpretation of individual property rights (that restricts responsibility for the other); it should engender moral development because of ambiguity over terminology; it should socialize the process of risk management as an integral part of balancing resource and economic sustainability.
Link
Citation
Sustainable Development, 14(4), p. 234-244
ISSN
1099-1719
0968-0802
Start page
234
End page
244

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