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

A fascinating exploration of how a simple system used to measure and record wealth spawned a cultural revolution. Prepare to have your idea of accounting changed forever. Our world is governed by the numbers generated by the accounts of nations and corporations. We depend on these numbers to direct our governments, our institutions, corporations, economies, societies. But where did they come from and how did they become so powerful? The answer to these questions begins in the...
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A fascinating exploration of how a simple system used to measure and record wealth spawned a cultural revolution. Prepare to have your idea of accounting changed forever. Our world is governed by the numbers generated by the accounts of nations and corporations. We depend on these numbers to direct our governments, our institutions, corporations, economies, societies. But where did they come from and how did they become so powerful?
The answer to these questions begins in the Dark Ages in northern Italy with a new form of record keeping perfected by the merchants of Venice called double-entry bookkeeping. The story of double entry stars a Renaissance monk, mathematician, magician and constant companion of Leonardo da Vinci, his 27-page treatise for merchants, renaissances in art and mathematics, and revolutions in communications and industry.
The rise and metamorphosis of double-entry bookkeeping is one of history's best-kept secrets and one of its most important untold tales. Why? First, because it made possible the wealth and cultural efflorescence that was the Renaissance. Second, because it enabled capitalism to flourish, so changing the economies of the world forever. Third, because over several centuries it grew into a sophisticated system of numbers which in the twenty-first century governs the global economy. And finally, and most significantly, because today bookkeeping has the potential to make or break the planet.
As Guardian journalist Jonathan Watts wrote in October 2010: 'So it has come to this. The global biodiversity crisis is so severe that brilliant scientists, political leaders, eco-warriors, and religious gurus can no longer save us from ourselves. The military are powerless. But there may be one last hope for life on earth: accountants.'