Accounting for Foucault

Michel Foucault's concept of governmentality has been central to critical accounting research for two decades, a centrality that has placed systems of calculation as the starting point of discussions of the state, the firm and the market. We begin by outlining the development of governmentality...

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Bibliographic Details
Published in:Critical perspectives on accounting 2010-08, Vol.21 (6), p.486-495
Main Authors: McKinlay, Alan, Pezet, Eric
Format: Article
Language:English
Subjects:
Accounting
Accounting theory
Business management
Business strategies
Central planning
Firm theory
Foucault, Michel
Government-business relations
Governmental accounting
Governmental process
History
Market
Organizational analysis
Philosophers
Production standards
Studies
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Summary:Michel Foucault's concept of governmentality has been central to critical accounting research for two decades, a centrality that has placed systems of calculation as the starting point of discussions of the state, the firm and the market. We begin by outlining the development of governmentality in Foucault's own work. Despite the rich, productive nature of the concept, Foucault was careful to define governmentality as broadly and loosely as possible, the better to convey its open-endedness. The second section considers the introduction of Foucault to accounting research. The combination of Foucault and accounting history is not at all obvious, but became possible because a series of important contextual studies demonstrated that accounting history had to consider both the historicity of the profession and that its practices were vital in constructing measures of organisational performance, not simply uncovering previously obscure or hidden social realities. Moreover, accounting history studies the production of targets and measures of progress towards utility and welfare, processes that are not reducible to the firm or even to economic calculation. Our third section outlines the genesis of the ‘London School of governmentality’ and the main strands of their theoretical contribution. Finally, we examine the governmentalists’ analysis of corporate restructuring and the introduction of new production organisation by Caterpillar. Our aim is to use the Caterpillar case as the vehicle for a broader consideration of governmentality, strategy and the enterprise.
ISSN:1045-2354
1095-9955
DOI:10.1016/j.cpa.2009.08.006