Double Entry: How the Merchants of Venice Created Modern Finance,New

Double Entry: How the Merchants of Venice Created Modern Finance,New

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SKU: DADAX0393346595
Brand: W. W. Norton & Company
$19.89 $28.41
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Lively history. . . . Show[s] double entrys role in the creation of the accounting profession, and even of capitalism itself.The New YorkerFilled 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 doubleentry bookkeeping: the first system that allowed merchants to actually measure the worth of their businesses. Luca Paciolimonk, mathematician, alchemist, and friend of Leonardo da Vinciincorporated Arabic mathematics to formulate a system that could work across all trades and nations. As Jane GleesonWhite reveals, doubleentry 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 nations wealth. Yet doubleentry 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 recreate it for the future.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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