Pacioli Quotes & Sayings

Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest. — Charlie Munger

Without mathematics there is no art. — Luca Pacioli

The golden era of the golden number was the Italian renaissance. The expression divine proportion was coined by the great mathematician Luca Pacioli in his book 'De divina proportione', written in 1509. — Midhat Gazale

As Francesco Datini of Prato did a century before, Pacioli advises merchants to incorporate explicit signs of Christianity into their books as a way of legitimising their profit-seeking activities. The use of double entry itself was like the Catholic confession: if a merchant confessed - or accounted for - all his world activities before God, then perhaps his sins would be absolved. These Christian flourishes that Pacioli recommends merchants include in their books are therefore no mere ornaments. — Jane Gleeson-White

Few have heard of Fra Luca Pacioli, the inventor of double-entry bookkeeping; but he has probably had much more influence on human life than has Dante or Michelangelo. — Herbert J. Muller

Ippolit Matveevich turned even redder, pulled out a tiny notebook, and wrote in a calligraphic hand:
25/4/1927 - rubles issued to Comrade Bender - 8.
Ostap took a look inside the little book.
'Oh-ho! If you've gone ahead and opened a personal account for me, then the least you could do is tally it right. Start up a debit column, start up a credit column. Don't forget to enter the sixty thousand rubles you owe me in the debits, and the vest can go in the credits. The balance is in my favor: 59,992 rubles. — Ilya Ilf

All the creditors must appear in the ledger at the right hand side, and all the debtors at the left. All entries made in the ledger have to be double entries - that is, if you make one creditor, you must make someone debtor — Luca Pacioli

The Ancients, having taken into consideration the rigorous construction of the human body, elaborated all their works, as especially their holy temples, according to these proportions; for they found here the two principal figures without which no project is possible: the perfection of the circle, the principle of all regular bodies, and the equilateral square. — Luca Pacioli

The quest for our origin is the sweet fruit's juice which maintains satisfaction in the minds of the philosophers. — Luca Pacioli