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• 08:11, 31 December 2024 Mbauwens talk contribs created page Problem with Conventional Accounting (Created page with " =Discussion= ECSA: "So here’s the problem in conventional accounting. In financial economics, there is a sentiment (and it should be framed no more strongly than that) that companies have a ‘fundamental value’. Somehow, markets will gravitate to an equilibrium that is not just in balance, but that reflects production costs plus a competitive profit. Of course this sentiment is qualified in all sorts of ways: markets aren’t competitive, information is in cons...")