Mini History of Double-Entry Accounting Largely Centered in Northern Italy article in Chicago Booth Review reposted by Ruth Paget

The following article entitled The Birth of Modern Accounting and Finance in the Chicago Booth Review is a mini history of how double-entry accounting developed in Europe with the best documentation in Northern Italy.

The article describes single-entry accounting in medieval manors with serfs and how the rise of towns and trade promoted double-entry bookkeeping.  

https://www.chicagobooth.edu/review/birth-modern-accounting-finance?source=ic-em-20260407

Great reading for armchair economists!

Reposted by Ruth Paget, author Eating Soup with Chopsticks and Marrying France and developer of the Novgorod and Bento War Games

Wheat Culture versus Rice Culture Traits in Chicago Booth Review reposted by Ruth Paget

The following article entitled  New Residents Adopt Old Cultures about people moving to new culture regions and adopting different thought processes in China touches upon the differences between wheat growing cultures and rice growing cultures in China.

The article in Chicago Booth Review is short and raises issues Californians who eat bread and tortillas in a rice growing state might want to ponder:

https://www.chicagobooth.edu/review/new-residents-adopt-old-cultures?source=ic-em-20260407

Happy Reading!

By Ruth Paget, author Eating Soup with Chopsticks and Marrying France and developer of the Novgorod and Bento War Games