In defense of a non-newtonian economic analysis
The double-entry bookkeeping promoted by Luca Pacioli in the fifteenth century could be considered a strong argument in behalf of the multiplicative calculus which can be developed from the Grossman and Katz non-newtonian calculus concept. In order to emphasize this statement we present a brief history of the accountancy in its early time and we make the point of Ellerman's research concerning the double-entry bookkeeping.
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- William Goetzmann, 2003.
"Fibonacci and the Financial Revolution,"
Yale School of Management Working Papers
ysm432, Yale School of Management, revised 01 Mar 2004.
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