Some Implications Of The United-States Constitution For Accounting Institution Alternatives

In this paper I seek to identify for public choice among accounting institution alternatives some basic issues which can arise under the Constitution of the United States.1 After introductory comments on scope and method, Section 2 presents an overview of relevant considerations from the history and text of the Constitution. Section 3 examines the nature of our oldest regulated industry, the production of justice, and the influence of this jurocratic paradigm on all younger regulatory agencies.

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