Theory for accounting or accounting theory: An essay on the interaction between economics and accounting

The disciplines of general economics and business economics have been growing apart. Business economics has a more practice oriented and multidisciplinary focus. The background for this paper is the question whether, and in what manner, general economics can contribute to the development of business economics. This paper delves into the roots of the old-institutional economic school, in particular into the ideas of Schmoller. More specifically, it is a preliminary investigation into the question whether the insights of the old-institutional school can have a bearing on (management) accounting research. Some future directions in this respect are suggested at the end. © 2000 Kluwer Academic Publishers.