Double Entry: How the Merchants of Venice Shaped the Modern World - and How Their Invention Could Make Or Break the Planet

Double Entry: How the Merchants of Venice Shaped the Modern World - and How Their Invention Could Make Or Break the Planet

Jane Gleeson-White


a desirable exploration of ways an easy approach used to degree and list wealth spawned a cultural revolution. arrange to have your notion of accounting replaced forever.

Our global is ruled by way of the numbers generated via the money owed of countries and companies. we rely on those numbers to direct our governments, our associations, firms, economies, societies. yet the place did they arrive from and the way did they develop into so powerful?

the reply to those questions starts at midnight a long time in northern Italy with a brand new type of checklist preserving perfected through the retailers of Venice known as double-entry bookkeeping. the tale of double access stars a Renaissance monk, mathematician, magician and incessant significant other of Leonardo da Vinci, his 27-page treatise for retailers, renaissances in paintings and arithmetic, and revolutions in communications and industry.

the increase and metamorphosis of double-entry bookkeeping is one among history's best-kept secrets and techniques and one in all its most crucial untold stories. Why? First, since it made attainable the wealth and cultural efflorescence that used to be the Renaissance. moment, since it enabled capitalism to flourish, so altering the economies of the area endlessly. 3rd, simply because over a number of centuries it grew right into a subtle procedure of numbers which within the twenty-first century governs the worldwide financial system. and at last, and most importantly, simply because at the present time bookkeeping has the aptitude to make or holiday the planet.

As parent journalist Jonathan Watts wrote in October 2010: 'So it has come to this. the worldwide biodiversity obstacle is so serious that very good scientists, political leaders, eco-warriors, and spiritual authorities can now not keep us from ourselves. the army are powerless. yet there is one final wish for all times in the world: accountants.'

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