{"product_id":"political-standards-karthik-ramanna-9780226210742","title":"Political Standards: Corporate Interest, Ideology, and Leadership in the Shaping of Accounting Rules for the Market Economy","description":"Prudent, verifiable, and timely corporate accounting is a bedrock of our modern capitalist system. In recent years, however, the rules that govern corporate accounting have been subtly changed in ways that compromise these core principles, to the detriment of the economy at large. These changes have been driven by the private agendas of certain corporate special interests, aided selectively--and sometimes unwittingly--by arguments from business academia \u003cp\u003e\u003c\/p\u003e With \u003ci\u003ePolitical Standards, \u003c\/i\u003e Karthik Ramanna develops the notion of \"thin political markets\" to describe a key problem facing technical rule-making in corporate accounting and beyond. When standard-setting boards attempt to regulate the accounting practices of corporations, they must draw on a small pool of qualified experts--but those experts almost always have strong commercial interests in the outcome. Meanwhile, standard setting rarely enjoys much attention from the general public. This absence of accountability, Ramanna argues, allows corporate managers to game the system. In the profit-maximization framework of modern capitalism, the only practicable solution is to reframe managerial norms when participating in thin political markets. \u003ci\u003ePolitical Standards \u003c\/i\u003ewill be an essential resource for understanding how the rules of the game are set, whom they inevitably favor, and how the process can be changed for a better capitalism.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Karthik Ramanna\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 022621074X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780226210742\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e University of Chicago Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/09\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 296\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.83lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.26h x 5.02w x 0.90d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 04\/01\/2016","brand":"Karthik Ramanna","offers":[{"title":"Hardcover","offer_id":48086396666111,"sku":"9780226210742","price":99.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_880215b8-f840-467a-a5c0-86f7216a1f7d.jpg?v=1769094441","url":"https:\/\/www.whiterainbookhouse.com\/products\/political-standards-karthik-ramanna-9780226210742","provider":"WR Book House","version":"1.0","type":"link"}