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Preserving history in accounting: seeking common ground between “new” and “old” accounting history
The rise of the “alternative” research or critical paradigm in accounting and its strong challenge to the entrenched hegemony of the positivist paradigm is one of the most striking features of academic accounting over the past decade. Central to much of the critical accounting research which has sought to
question the legitimacy of existing institutions, distributions of power and the role of accounting in sustaining and perpetuating dominant capitalist forms of discourse has been an emphasis on history. Work which incorporates insights from the work of Foucault, for example, in order to explain and critique the
present relies heavily on developing a historical trajectory (e.g. Armstrong,1991; Hoskin and Macve, 1986; Loft, 1986; Stewart, 1992). Indeed, much of the work in the alternative paradigm stands or falls on the strength of its historical work; that which is now boastfully referred to as the “new accounting history”
(for examples see Bryer, 1991; Loft, 1986, pp.140, 167; Walker, 1991; Willmott,1986).
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