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Double Entry - How the Merchants of Venice Created Modern Finance (Paperback)
Loot Price: R399
Discovery Miles 3 990
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(16%)
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Double Entry - How the Merchants of Venice Created Modern Finance (Paperback)
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List price R477
Loot Price R399
Discovery Miles 3 990
You Save R78 (16%)
Expected to ship within 10 - 15 working days
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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."
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