THE HUMAN SIDE OF THE DEFLATED DOLLAR BIAS.
The article presents the author's view on accounting in general and price inflation in particular in the U.S. Every semester when he reviews with a class of students the impact of price inflation on accounting, and every time he reads a published article on this subject in an accounting or business publication, he becomes more aghast at the complete and universal uncritical acceptance of statisticians' superficial findings on this subject. Students particularly seem to be unhappy about the privations which they attribute to high prices. In his opinion, such sadness is fallacious. It is based on views which are biased because those who hold those views have not considered circumstances that are ignored by the statisticians. Great ability is needed to contest unanimous fallacies. The task probably is beyond his abilities, nevertheless he does not remain silent in the presence of neglected truth and unwarranted sadness. He hopes to bring some joys to saddened hearts through this article where he discusses the topics mentioned above.
- DOI
- 10.2308/tar-7059451
- Volume
- 32 (3)
- Pages
- 419-427
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref