Neuro-Accounting: Accounting, Brain, and Evolution

Neuro-Accounting:  Accounting, Brain, and Evolution

 

 

Key Terms

  • Neuro Accounting
  • Neuro Economics
  • Sudipta Basu
  • John Dickhaut
  • Kevin McCabe
  • Michael Hudson
  • Brain
  • Evolution
  • Culturally evolved Accounting
  • Biologically evolved Brain

 

 

From Neuroaccounting: Consilience between the Biologically Evolved Brain and Culturally Evolved Accounting Principles

We develop the hypothesis that culturally evolved accounting principles will be ultimately explained by their consilience with how the human brain has evolved biologically to evaluate social and economic exchange. We provide background on the structure and evolution of the brain, the measurement of brain behavior during economic decision making, and the brain’s central role in building economic institutions. We describe the emergence of modern accounting principles and argue that the primary function of accounting in evaluating exchange is to provide quantified information on the net benefits of past exchanges. We review evidence documented by neuroscientists that is consistent with the hypothesis that longstanding accounting principles 􏰁e.g., Revenue Realization and Conservatism􏰀 have distinct parallels in brain behaviors. Our analysis of Neuroaccounting extends Basu and Waymire 􏰁2006􏰀 to provide a new way to scientifically view accounting, which has implications for how we think about the origins and persistence of longstanding accounting principles.

 

 

 

Key Sources of Research:

 

Neuroaccounting: Consilience between the Biologically Evolved Brain and Culturally Evolved Accounting Principles

John Dickhaut, Sudipta Basu, Kevin McCabe, and Greg Waymire

Click to access 0c960538572c84f0dc000000.pdf

 

 

 

 

Recordkeeping and Human Evolution

Sudipta Basu and Gregory B. Waymire

2005

Click to access 00b49521c9d8edb99c000000.pdf

 

 

 

NeuroAccounting, Part I

The Primate Brain and Reciprocal Exchange

by

John Dickhaut Sudipta Basu Kevin McCabe Gregory Waymire

 

Click to access 0fcfd50577041d8f23000000.pdf

 

 

 

NeuroAccounting, Part II

Consilience Between Accounting Principles and the Primate Brain

by

John Dickhaut Sudipta Basu Kevin McCabe Gregory Waymire

Click to access 0fcfd5057704201078000000.pdf

 

 

 

 

Memory, transaction records, and The Wealth of Nations

Sudipta Basu , Marcus Kirk , Greg Waymire

 

Click to access BasuKirkWaymireAOS05Memory.pdf

 

 

 

 

Recordkeeping alters economic history by promoting reciprocity

Sudipta Basua, John Dickhautb, Gary Hechtc, Kristy Towryc, and Gregory Waymirec,1

Click to access 1009.full.pdf

 

 

 

 

The Role of Accounting in Civilization’s Economic Takeoff

Michael Hudson

 

Click to access hudson.pdf

Author: Mayank Chaturvedi

You can contact me using this email mchatur at the rate of AOL.COM. My professional profile is on Linkedin.com.

2 thoughts on “Neuro-Accounting: Accounting, Brain, and Evolution”

  1. Respected Sir!!
    I’m research scholar and working as Assistant Professor in Bengaluru.
    Looking for more details to do my thesis in the area of neuro accounting.
    Could you please help with source of information from where I can take lead.
    Thanks in advance
    Chaithra

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