🌐 Global Economy 14h ago · Tyler Cowen

More on Sir Thomas Gresham (from my email)

Marginal Revolution
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…Double-entry book-keeping – John and I believe, with some evidence, that he may well have been the person to bring double-entry book-keeping to the UK from the Low Countries.  In turn an Italian invention of the 13th century…
Business exchanges rather than markets – Gresham certainly brought the idea of an exchange or bourse from Antwerp (in turn from Ghent) to England.  It really was a radical idea.  No phone directory, no advertising, no internet – we used to block of

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