Abstract In the context of "General-Price-Level-Adjusted Historical-Cost Statements and the Ratio-Scale View" (GPLAHCSATRSV), the ratio-scale view is the position that general-price-level-adjusted historical-cost statements are produced via the extensive ratio scale and related positive similarity transformations. One of the major conclusions of GPLAHCSATRSV is that this view is very likely to be invalid as a consequence of problems which the author terms the objects, property, operations, and index difficulties. Accounting direct measures may constitute measures of a property which are produced via the intensive ratio scale. The article concludes that Abdel-Magid's commentary fails to consider a difficulty which is relevant to the extensive-ratio-scale version of the ratio-scale view and which is the only difficulty that he considers relevant to the question of the validity of the intensive-ratio-scale version of the ratio-scale view. This deficiency implies that Abdel-Magid's commentary fails to achieve its stated objective.
D. W. Vickrey (Mon,) studied this question.