ACCOUNTING IN A CHAORDIC WORLD - Dee W Hock

Exploration into the nature of information, organization, and change leads inexorably to the phenomenon of accounting, a profession and practice that plays a dominant role in our present societal structures. In the deepest sense, there is no such thing as "accounting." Accountants are merely a modern version of the tribal story teller, whose role w... See more

We must understand, evaluate, and account for wholly new, non-monetary forms of ownership, and assets of great value that have extraordinary effect, but no tangible market price or mathematical means of measurement, such as participatory rights, alliances, systemic interdependence, and defined relationships, or else the stories we tell of our insti... See more

We must conceive of and implement wholly new forms of ownership, financial systems, and measurements free of the attempt to monetize all values which binds institutions to next quarter's bottom line and results in gross mal-distribution of wealth and power, degradation of people, and desolation of the ecosphere, or our stories will be increasingly ... See more

Mr. Johnson’s perspective with respect to the role of accounting in a chaordic world is spot-on. In the years ahead we must get beyond numbers and the language of mathematics to understand, evaluate, and account for such intangibles as learning, intellectual capital, community, beliefs, and principles, or else the stories we tell of the value and p... See more

We must understand, evaluate, and account for everything removed from, or returned to the earth, the biosphere, or the atmosphere, including reversion to natural elements in the original proportions and balance, or our stories will result in environmental catastrophe.