LNSY

“In the fifteenth century, multiplication with numerals was considered to be extremely difficult, and division almost impossible, an art to be attempted only by experts.”
― Jane Gleeson-White, Double Entry: How the Merchants of Venice Created Modern Finance

“Despite the general theoretical consensus about how business books should be kept and the dominance of the double-entry method in bookkeeping literature, approaches varied enormously in practice and double entry was not widely used until the rise of the corporation in the nineteenth century, as we shall see.”
― Jane Gleeson-White, Double Entry: How the Merchants of Venice Created Modern Finance

“by scrutinising his books using double entry in the new industrial world, Wedgwood had uncovered the commercial benefits of mass production.”
― Jane Gleeson-White, Double Entry: How the Merchants of Venice Created Modern Finance

“Seven months later, Enron filed for bankruptcy. The golden goose of corporate capitalism collapsed amid charges of ‘greed, bribery, corruption, deceit, parasitism, speculation, insider trading, scams, nepotism, tax avoidance, environmental destruction, human rights abuses, exploitation, theft of workers’ entitlements, job losses, use of state machinery against workers and Indigenous peoples, cosy relationships with government, and monopoly manipulation of prices and markets’.”
― Jane Gleeson-White, Double Entry: How the Merchants of Venice Created Modern Finance