Double Entry: How the Merchants of Venice Created Modern

Double Entry: How the Merchants of Venice Created Modern Finance

â‚¬Å“A timely, topical, readable, and thought-provoking look at the history and legacy of double-entry bookkeeping.â‚¬Ââ‚¬â€¢Elif Batuman, author of The Possessed
Filled with colorful characters and history, Double Entry takes us from the ancient origins of accounting in Mesopotamia to the frontiers of modern finance. At the heart of the story is double-entry bookkeeping: the first system that allowed merchants to actually measure the worth of their businesses. Luca Pacioliâ‚¬â€¢monk, mathematician, alchemist, and friend of Leonardo da Vinciâ‚¬â€¢incorporated Arabic mathematics to formulate a system that could work across all trades and nations. As Jane Gleeson-White reveals, double-entry accounting was nothing short of revolutionary: it fueled the Renaissance, enabled capitalism to flourish, and created the global economy. John Maynard Keynes would use it to calculate GDP, the measure of a nationâ‚¬s wealth. Yet double-entry accounting has had its failures. With the costs of sudden corporate collapses such as Enron and Lehman Brothers, and its disregard of environmental and human costs, the time may have come to re-create it for the future.
Country USA
Brand W. W. Norton & Company
Manufacturer W. W. Norton & Company
Binding Hardcover
ItemPartNumber new18-20150802-a043492
ReleaseDate 2012-10-01
UnitCount 1
EANs 9780393088960

Double Entry: How the Merchants of Venice Created Modern Finance