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Literature & Fiction

Rating: 3.9 / 5.0 (7 votes)

Released: 2012-10-01

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Double Entry: How the Merchants of Venice Created Modern Finance by Jane Gleeson-White


“A well timed, topical, readable, and idea-scary look at the history and legacy of double-access bookkeeping.”—Elif Batuman, writer of The Possessed

stuffed with colorful characters and history, Double Entry takes us from the ancient origins of accounting in Mesopotamia to the frontiers of brand new finance. on the center of the tale is double-access bookkeeping: the primary system that allowed traders to if truth be told degree the price in their businesses. Luca Pacioli—monk, mathematician, alchemist, and loved one of Leonardo da Vinci—incompanyd Arabic mathematics to formulate a system that would paintings across all trades and countrys. As Jane Gleeson-White unearths, double-access accounting used to be not anything short of progressive: it fueled the Renaissance, enabled capitalism to flourish, and created the worldwide economy. John Maynard Keynes may use it to calculate GDP, the degree of a country’s wealth. yet double-access accounting has had its failures. With the costs of sudden company collapses akin to Enron and Lehman Brothers, and its disregard of environmental and human costs, the time could have come to re-create it for the future.
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writer: Jane Gleeson-Whitepublisher: W. W. Norton cff0478 Com..Binding: HardcoverLanguage: EnglishPages: three04

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