Accounting and Economics “Take Off” In the Transition Period to Capitalism

Alexandru Trifu

Volume : VI, Issue : VIII, August - 2016

Accounting and Economics “Take Off” In the Transition Period to Capitalism

Alexandru Trifu

Abstract :

The aim of this paper is to provide an overview of the scientific research evolution on accountancy starting with the sixteenth century. At the same time, we consider that in the pre–Classicism period (transition to capitalism), the mercantilism (especially the Kameralism) has generated decisive contributions to the substantial elements of the Accounting and Economics. The paper also seeks to emphasize the way in which the schools of thinking dealt with accountancy in this era of the history. The paper presents the moments in the “take off” of accountancy and Economics as a homogenous whole. The results of the paper show that although practice is the engine that grounded the development of the accounting activities, the merit of the accounting theoreticians must not be neglected. The societies’ demands for development and growth helped the Accounting to flourish, as the Accounting is the core of the general economic scaffolding and functioning.