But I think Luca Pacioli was also one of the first figures in history to strive to create common standards for use in complex trade operations, requiring various parties to work together and the sharing of a common language, to the full advantage of economic development and therefore of the common good.
*** Fast-forwarding several centuries to today, the consensus seems to be that if the crisis that began in 2007 has taught us anything, it is that there was an extraordinary lack of common rules at the global level, in particular in the field of financial stability. In this regard, a concrete outcome has been the collective acknowledgement that the financial markets need rules.