ABSTRACT
This chapter tries to explain and evaluate major aspects of the information economic perspective of accounting2 in a non-mathematical way. This seems to be an appropriate conclusion for our historical survey, as pertinent research has steadily grown since the 1960s, and has reached (at the beginning of the twentyfirst century) a stage where it may be claimed as the climax of modern accounting research. This is not so much a personal opinion but is based on the many official honours and recognitions that the major pioneers of this approach have received. And yet, the information perspective is still an esoteric mathematical field, presently accessible only to a relatively small minority of academic accountants worldwide (not to speak of practitioners) – hence, the need for some non-mathematical interpretation.
