Rotterdam Abstract Several authors have written on the dimensions of economic quantities. The first mathematical foundations were laid by Clerk-Maxwell in 1871 and by Buckingham in 1914. They were developed by Bridgman in 1922 and Langhaar in 1951. A rigorous and systematic exposition of the algebraic structure of dimensional analysis was given by Quade in 1961.
Dimensions are concerned with the units in which quantities are measured.
The subject matter of this paper is dimension as a concept of measurement. Business economists and accountants seldom apply the concept of dimension in an explicit way. The purpose of this paper is to suggest that dimensional analysis can also be of some use to business economists and accountants. In checking errors, which are revealed by the lack of dimensional homogeneity of equations. In providing a conversion factor for changing from one system of units to another.