Accounting Measurement and Economic Value (PDF)

Accounting Measurement and Economic Value
English | 2026 | ISBN: 9819818842 | 315 Pages | PDF (True) | 11 MB
Accounting Measurement and Economic Value presents a rigorous foundation for economic value grounded in the representational theory of measurement and accounting practice. Bridging accounting, economics, and the philosophy of science, the book argues that empirical progress in economics is impeded by the lack of a clear and effective method for measuring economic value. It provides a formal measurement system based on observable accounting procedures - focusing on activity costs, prices, and quantities - that enables falsifiable economic hypotheses and replicable empirical testing.