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

Gleeson-White, Jane

Softcover

ISBN 10: 0393346595 ISBN 13: 9780393346596

Publisher: W. W. Norton & Company, 2013

Synopsis

“Lively history. . . . Show[s] double entry’s role in the creation of the accounting profession, and even of capitalism itself.”―The New Yorker

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

About the Author

Jane Gleeson-White is the author of Double Entry: How the Merchants of Venice Created Modern Finance, which won the 2012 Waverley Library Award for Literature. Gleeson-White has degrees in economics and literature from the University of Sydney.

Edition details

• Publisher: W. W. Norton & Company
• Publication date: 2013
• Language: English
• ISBN 10: 0393346595
• ISBN 13: 9780393346596
• Binding: Paperback
• Number of pages: 304