Double Entry: How the Merchants of Venice Created Modern Finance - Hardcover

Gleeson–white, Jane

Hardcover

ISBN 10: 0393088960 ISBN 13: 9780393088960

Publisher: W. W. Norton & Company, 2012

Synopsis

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 Pacioli monk, mathematician, alchemist, and friend of Leonardo da Vinci 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 nation 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."

About this title

Review:

Starred review. ...[L]ively and elegantly written account of the history of double-entry bookkeeping.... This dynamic examination of the impact and legacy of double-entry bookkeeping is sure to appeal to those in the accounting profession, business leaders, and history buffs, and will likely become required reading in business school curricula.

A stimulating approach that presents a compelling outline for further detailed review.

Book Description:

A lively investigation of the origins of double-entry bookkeeping and the conflicted role it plays in modern finance.

About this edition

• Publisher: W. W. Norton & Company
• Publication date: 2012
• ISBN 10: 0393088960
• ISBN 13: 9780393088960
• Binding: Hardcover
• Number of pages: 304