Thanks to everyone who responded. The author's statement came from a subheading, "The Zone System." Here's are some excerpts from paragraphs preceding the statement in question:
"In evaluating exposure, we must look at a subject in terms of its light and dark values: the subject range of brightness...What we are measuring is subject brightness (luminance), which can vary in two ways: its inherent reflectance and the amount of light that falls on it. Reflectance is a property of the material itself..."
And here's the actual quote I'd paraphrased in my original post:
"The brightness range of a typical outdoor subject is about 1000:1. This is 15 stops, but here's the rub: imaging systems cannot reproduce this range of subject brightness..."