Publication Type

Journal Article

Version

acceptedVersion

Publication Date

1-2010

Abstract

In response to the position of Steve Toms, this article argues that risk must be understood not as it has been posited by capital but rather as it might be taken up by labour. It uses Marx's socialization thesis to maintain that risk is a symptom of possibility for labour. Drawing on the work of Randy Martin the argument culminates in a consideration of the interanimation of capital in labour occasioned by the second helping of risk produced by its commoditisation. It concludes that far from being just what Michel Aglietta calls a social evaluation of private economic activity, risk offers the opportunity to develop an accounting not just to provoke capital's contradictions with its own tools but to develop an immanent accounting of socialized labour in revolution, an accounting to come.

Keywords

Financialization, Socialization, Risk, Revolution, Accounting to come

Discipline

Accounting | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Critical Perspectives on Accounting

Volume

21

Issue

1

First Page

14

Last Page

17

ISSN

1045-2354

Identifier

10.1016/j.cpa.2009.08.005

Publisher

Elsevier

Copyright Owner and License

Authors

Additional URL

https://doi.org/10.1016/j.cpa.2009.08.005

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