Double Entry: How the Merchants of Venice Created Modern Finance
Categories: Business & Money, History
Double Entry: How the Merchants of Venice Created Modern Finance (2012) is a book by Jane Gleeson-White. Gleeson-White traces the history of double-entry bookkeeping from Renaissance Venice and Luca Pacioli's 1494 treatise to modern capitalism. She shows how a method of recording debt and credit shaped business practice, imperial administration and how modern finance keeps score of profit and loss.
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- Fareed Zakaria: “This week's book of the week is "Double Entry: How the Merchants of Venice Created Modern Finance" by Jane Gleason White. I never thought a book about accounting could be fascinating, but this one is. It explains how the invention of finance led to the beginnings of modern capitalism, trade, the renaissance and the global economy. All because of double entry bookkeeping. Read the book and you'll be convinced.”