Accounting Measurement And Economic Value

Name: Accounting Measurement And Economic Value
Price: 257.15 AUD
Availability: PreOrder
ISBN: 9789819818846

Roger J Willett (Victoria University Of Wellington, New Zealand)

$320.95 $257.15

Hardback

Forthcoming
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English

World Scientific Publishing Co Pte Ltd
24 April 2026

Economic theory & philosophy; Econometrics; Economic statistics; Accounting

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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.

Rejecting utility-based and decision theory approaches to the measurement of economic value, the author proposes an alternative framework rooted in effective measurement procedures. These procedures trace the flow of rights and resources in monetary economies and provide the foundation for the additive, ratio-scaled values used in both microeconomic and macroeconomic analysis.

The book provides the first comprehensive account of how accounting numbers, when correctly understood, can serve as the empirical backbone for economic models. It is written for researchers in accounting, economics, and related fields interested in the foundations of measurement, empirical validation of theory, and the role of information systems in economic decision-making.

By: Roger J Willett (Victoria University Of Wellington New Zealand)
Imprint: World Scientific Publishing Co Pte Ltd
Country of Publication: Singapore
ISBN: 9789819818846
ISBN 10: 9819818842
Pages: 250
Publication Date: 24 April 2026
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Forthcoming