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Richard J Murphy
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Comments by "" (@charliemoore2551) on "Every action has a reaction" video.
I agree almost everything you are saying but I'm afraid I can't make the link with book-keeping. Surely, the book-keeper tends to be blinded to the non-financial consequences of expenditure by the need to make the corresponding counter entry in financial terms and this is the difference between book-keeping.accountancy and economics. The accountant knows how to track already existing wealth (actually meaning money) while the economist is concerned with the creation of it and it may not necessarily be money at all.
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