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Where to begin? I’ve been reading about economics for about 15 years, and I have to say that this crisis has brought a level of clarity about certain economic t
by jotakami 6y ago
Where to begin? I’ve been reading about economics for about 15 years, and I have to say that this crisis has brought a level of clarity about certain economic truths that I never would have seen otherwise.
First: accounting. I got an MBA five years ago and accounting was my favorite subject because it is behind everything that a business does. Accounting is the instrumentation that allows humans to organize their activity across tremendous scale and complexity and still be confident that they are producing value (making a profit). In the modern economy, accounting is everything. Try reading Jerome Levy’s “Where Profits Come From” to check your accounting chops: https://www.levyforecast.com/assets/Profits.pdf https://www.levyforecast.com/assets/Profits.pdf
- twomoretime 6y agoInteresting take on accounting - I've never understood why anyone competent would be drawn to it.
- jonahbenton 6y agoShould be the top comment. Accounting is everything. It is the physics of the economy. There is a common fiction to money matters that everyone has to share- whether or not they know it- and the language in which that fiction is written is accounting.
- _curious_ 6y ago"There is a common fiction to money matters that everyone has to share- whether or not they know it- and the language in which that fiction is written is accounting." Poetic.