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Although there is a rich historiography on Enlightenment Tuscany in
Italian as well as French and German, the principle Anglophone
works are Eric Cochrane's Tradition and Enlightenment in the Tuscan
Academies (1961) and his Enlightenment Florence in the Forgotten
Centuries (1973). It is high time to revisit the Tuscan
Enlightenment. This volume brings together an international group
of scholars with the goal of putting to rest the idea that Florence
ceased to be interesting after the Renaissance. Indeed, it is
partly the explicit dialogue between Renaissance and Enlightenment
that makes eighteenth-century Tuscany so interesting. This
enlightened age looked to the past. It began the Herculean project
of collecting, editing, and publishing many of the manuscripts that
today form the bedrock of any serious study of Dante, Petrarch,
Boccaccio, Machiavelli, Vasari, Galileo, and other Tuscan writers.
This was an age of public libraries, projects of cultural
restoration, and the emergence of the Uffizi as a public art
gallery, complemented by a science museum in Peter Leopold's reign
whose relics can still be visited in the Museo Galileo and La
Specola.
Although there is a rich historiography on Enlightenment Tuscany in
Italian as well as French and German, the principle Anglophone
works are Eric Cochrane's Tradition and Enlightenment in the Tuscan
Academies (1961) and his Enlightenment Florence in the Forgotten
Centuries (1973). It is high time to revisit the Tuscan
Enlightenment. This volume brings together an international group
of scholars with the goal of putting to rest the idea that Florence
ceased to be interesting after the Renaissance. Indeed, it is
partly the explicit dialogue between Renaissance and Enlightenment
that makes eighteenth-century Tuscany so interesting. This
enlightened age looked to the past. It began the Herculean project
of collecting, editing, and publishing many of the manuscripts that
today form the bedrock of any serious study of Dante, Petrarch,
Boccaccio, Machiavelli, Vasari, Galileo, and other Tuscan writers.
This was an age of public libraries, projects of cultural
restoration, and the emergence of the Uffizi as a public art
gallery, complemented by a science museum in Peter Leopold's reign
whose relics can still be visited in the Museo Galileo and La
Specola.
Whether building a road or fighting a war, leaders from ancient
Mesopotamia to the present have relied on financial accounting to
track their state's assets and guide its policies. Basic accounting
tools such as auditing and double-entry bookkeeping form the basis
of modern capitalism and the nation-state. Yet our appreciation for
accounting and its formative role throughout history remains
minimal at best--and we remain ignorant at our peril. The 2008
financial crisis is only the most recent example of how poor or
risky practices can shake, and even bring down, entire societies.
In The Reckoning, historian and MacArthur Genius Award-winner Jacob
Soll presents a sweeping history of accounting, drawing on a wealth
of examples from over a millennia of human history to reveal how
accounting has shaped kingdoms, empires, and entire civilizations.
The Medici family of 15th century Florence used the double-entry
method to win the loyalty of their clients, but eventually began to
misrepresent their accounts, ultimately contributing to the
economic decline of the Florentine state itself. In the 17th and
18th centuries, European rulers shunned honest accounting,
understanding that accurate bookkeeping would constrain their
spending and throw their legitimacy into question. And in fact,
when King Louis XVI's director of finances published the crown's
accounts in 1781, his revelations provoked a public outcry that
helped to fuel the French Revolution. When transparent accounting
finally took hold in the 19th Century, the practice helped England
establish a global empire. But both inept and willfully misused
accounting persist, as the catastrophic Stock Market Crash of 1929
and the Great Recession of 2008 have made all too clear. A
masterwork of economic and political history, and a radically new
perspective on the recent past, The Reckoning compels us to see how
accounting is an essential instrument of great institutions and
nations--and one that, in our increasingly transparent and
interconnected world, has never been more vital.
After two government bailouts of the American economy in less than
twenty years, free market thought is due for serious reappraisal.
Free Market: The History of an Idea shows how the idea became so
powerful, why it succeeded, and why it has failed so spectacularly.
In 1990, the G7 Countries enjoyed 70 percent of world GDP. In the
face of the collapse of the Soviet Union, it was supposed to be a
story of the success of free markets. However, in the past thirty
years, that number has dropped by half, and Asia has emerged as a
major motor of world economic growth. Today, state-run China is the
second biggest economy on earth, and tiny Singapore, with its
state-owned companies, has become a new model of wealth creation.
In other words, Milton Friedman's free market dogma, that only
private companies can create wealth and that states hamper it, has
not proved very clearly to be untrue. This book shows how we got to
the current crisis of free market thought, and suggests how we can
find our way out. Contrary to popular free market narratives, early
market theorists believed that states had an important role in
building and maintaining free markets. But in the eighteenth
century, some free-market thinkers began insisting only pure free
markets, without state intervention, could work. A tradition of
free-market ideological brittleness emerged, and it has led
orthodox free market economics to some spectacular failures. It is
a paradox that an economic theory rooted in the idea of
competition, adaptation and evolution, has refused to follow its
own precepts. This book shows that we need to go back to the
origins of free market thought in order to understand its dynamism,
as well as its inherent weaknesses, and to develop new economic
concepts to face the staggering challenges of the twenty-first
century.
In The Reckoning, award-winning historian Jacob Soll shows how the
use and misuse of financial bookkeeping has determined the fates of
entire societies. Time and again, Soll reveals, good and honest
accounting has been a tool to build successful companies, states
and empires. Yet when it is neglected or falls into the wrong
hands, accounting has contributed to cycles of destruction that
continue to this day. Combining rigorous scholarship and fresh
storytelling, The Reckoning traces the surprisingly powerful
influence of accounting on financial and political stability, from
the powerful Medici bank in the 14th century Italy to the 2008
financial crisis.
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