We consider the field theory describing the scaling limit of the Potts
quantum spin chain using a combination of two approaches. The first is the
renormalized truncated conformal space approach (TCSA), while the second one is
a new thermodynamic Bethe Ansatz (TBA) system for the excited state spectrum in
finite volume. For the TCSA we investigate and clarify several aspects of the
renormalization procedure and counter term construction. The TBA system is
first verified by comparing its ultraviolet limit to conformal field theory and
the infrared limit to exact S-matrix predictions. We then show that the TBA and
the renormalized TCSA match each other to a very high precision for a large
range of the volume parameter, providing both a further verification of the TBA
system and a demonstration of the efficiency of the TCSA renormalization
procedure. We also discuss the lessons learned from our results concerning
recent developments regarding the low-energy scattering of quasi-particles in
the quantum Potts spin chain.Comment: 39 pages, 5 eps figures. v2: reference added. v3: several misprints
corrected, and an important step in the derivation of counter terms (in
section 3.4.1) is explained in more detai