The Economics of Accountancy

"The Economics of Accountancy" is a landmark exploration into the theoretical foundations that bridge the gap between economic theory and accounting practice. Written by John B. Canning, this influential work meticulously examines the conceptual basis of accounting through the lens of economic principles, focusing on the critical problems of asset valuation and the measurement of net income.

The book challenges traditional accounting conventions of its time, advocating for a more rigorous an...