B16 - History of Economic Thought through 1925: Quantitative and MathematicalReturn

The article remembers the 140th anniversary of the first publication of a formal bookkeeping system 'Accounting by ternary entry' by the F. V. Ezerski. This system was an innovation of bookkeeping practice then. It permits the complex information of the assets and liabilities changes and of the changes in income and cash flow as well. Past formal bookkeeping systems were striving to simplify the journalizing and posting processes of accounting figures by spreading the potential of information.

This profile memorializes the 70th anniversary of the edition of 'Bookkeeping treatise', by Luca Pacioli in Czech version by Hugo Raulich. This treatise has been clearly translated by Raulich nearly fifty years and finally edited in 1940 as part of the economic encyclopedia 'Slovník obchodně technický, účetní a daňový'. Hugo Raulich passes away some months after this edition (October 19, 1940).

The paper remembers the 85th anniversary of the publication: "Bilanzwert, Bilanzgewinn und Bilanzumvertung" [Valuation and revaluation for balance sheet, the profit in financial balance] by professor Fritz Schmidt, printed in Leipzig (Germany) 1924. This book contains the principles of Schmidt's organic balance theory together with contemporary cardinal theories for balancing, which works in big inflation environment in Germany at first third of 20th century.

This text focuses on the role and meaning of prominent German economist in the first half of 20th century, J. W. E. Schmalenbach. Author explains some aspects of the dynamic balancing theory, created of Schmalenbach in 1919. The aim by Schmalenbach was the new formulation of the basic balancing question: not 'what', but 'in what condition like'. The balance sheet is for him not any count in law framework, but also a count for the proprietary managers, i. e. potential of business entity.