What Is Accounting Theory

What Is Accounting Theory

What Is Accounting Theory

Setting aside the complicated mathematics that those who study such things are prone to include in any true explanation of chaos theory, one may find it helpful to begin with what the world looked like before chaos was ever understood.

The Clockwork Universe and Determinism

In the beginning there was Isaac Newton, the laws of gravity and motion, and what was appropriately called a "clockwork universe." In this universe, and under these basic, easy to understand (even for non-scientists) axioms - everything that happened was within the realm of human understanding.

In fact, with these well-tested and rarely questioned laws, it was realized that the universe appeared to be nearly deterministic. Put another way, if one was sufficiently talented and intelligent, they could potentially understand every aspect of the universe and predict exactly what will happen next in any situation.