New income measurement methods could reshape economic decision-making worldwide.
The article discusses different concepts of income and value measurement, including traditional accounting income, current value concepts, and economic income. It explores the purposes and criteria for income measurement, as well as the challenges and advantages of using current value models. The researchers also examine the price-level problem and the validity of the income concept in accounting. Overall, the study aims to provide insights into how income and value are measured in different contexts and the implications for financial reporting.