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da Vinci's Accountant

11/2/2017

 
In his new biography of Leonardo da Vinci, Walter Isaacson mentions a note among the great artist's papers: "Learn multiplication using the root method from Maestro Luca". 

da Vinci was referring to Maesto Luca Pacioli. And while Leonardo himself marked an epoch in art history with his Mona Lisa and Vitruvian Man, Pacioli did the same for economic history.  

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Marcus Vitruvius Pollio was a 1st Century Roman architect whose discussion of perfect proportion in architecture and the human body inspired da Vinci's Vitruvian Man.

This is because da Vinci's friend Luca Bartolomeo de Pacioli wrote the work that started the spread of modern accounting. 

And while today we take accounting for granted, the modern economy couldn't exist without it. It's understandable then that the BBC lists accounting as one of the 50 Things That Made The Modern Economy.   

Like the Internet, accounting was the enabling technology of its day. It lead to multi-national corporations and sent sailing ships to the far reaches of all hemispheres.  

For better or for worse, accounting has played a large part in changing our world forever. 

Peter
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    Co-founder Peter Frampton is the lead author of this blog.

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